GuruFocus Premium Membership

Serving Intelligent Investors Since 2004

Try It 100% FREE for 7 Days!

Free 7-day Trial
All Articles and Columns »

PIMCO's Neel Kashkari: What Is Worrying Him?

September 05, 2012 | About:
Dheeraj Grover

Dheeraj Grover

PIMCO's Global Equity Head and ex-Assistant U.S. Treasury Secretary Neel Kashkari was on CNBC to discuss his views on a certain QE3 and how investors should think about positioning themselves ahead of this third round of quantitative easing.

-- Bernanke's speech made it clear that QE3 is coming.

-- He thinks the stock market will rally as something is better than nothing.

-- But QE3 will not make any difference to unemployment or generate sustainable economic growth.

-- There is only so much Bernanke can do.

-- The unemployment rate can only be brought down by intervention of Congress and the executive branch.

-- Markets will remain uncertain and Neel recommends holding high quality names to limit their downside.

-- Factors that will keep markets uncertain - Europe, upcoming fiscal cliff (which he believes will be resolved), and U.S. elections.

Here is the video:

About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 3.0/5 (4 votes)


Please leave your comment:

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial