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Bond Guru Bill Gross Reacts to the Tax Deal, Calls Government Dysfunctional
Posted by: CanadianValue (IP Logged)
Date: January 2, 2013 03:53PM

What is Gross saying with the deal in place?

- Thinks rally in the stock market actually stems from Japan and quantitative easing
- The economy is actually going to be impacted negatively by this tax deal
- The stock market was always anticipating some sort of deal being reached
- The deal does not in any way address spending, it only addresses the tax issue
- Investors need to be concerned about the fact that government is dysfunctional

Stocks Discussed: SPY, DJI, QQQ,
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