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Bond King Bill Gross Thinks the Bond and Stock Markets Are 'Right' to Bet on Yellen

September 17, 2013 | About:
Bond King Bill Gross thinks Larry Summers' withdrawal from the Fed chair race is significant for the stock market.

His withdrawal removes uncertainty from the situation which existed about when Fed stimulus might be removed.

Summers was on the record opposing quantitative easing, and the most likely alternative, Yellen, is likely to be more dovish.

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