(GuruFocus, December 7, 2009) Sharing his views on the economy and responding to Fed chairman Bernanke's speech, Bill Gross, Pimco co-chief investment officer/founder does not think Fed will hike interest for the entire year of 2010.
On the long term interest side, Gross does not think the interest is going higher but not that much higher.
Now that Pimco is also offering equity mutual fund, and Gross is also obliged to comment on the performance of the stock market in a higher interest environment. According to him, stocks does not give as much value as bond in a higher interest environment.
I went to a barber’s shop and asked whether I needed a haircut. I was redundant to ask.
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On the long term interest side, Gross does not think the interest is going higher but not that much higher.
Now that Pimco is also offering equity mutual fund, and Gross is also obliged to comment on the performance of the stock market in a higher interest environment. According to him, stocks does not give as much value as bond in a higher interest environment.
I went to a barber’s shop and asked whether I needed a haircut. I was redundant to ask.
Also check out:
