Bill Gross has said that the most likely consequence of the government's stimulative policy will be a declining dollar and lower standard of living in his latest investment outlook. Pretty dark stuff. Yet on CNBC he appeared far less negative when talking about his actual market view: Source: Business Insider
"The Fed has the most freedom and the last chance to elevate asset prices, what they will be doing in our opinion is instigating another around of quantitative easing... with the hope that lower interest rates will stimulate animal spirits forcing investors to buy stocks, to buy those Procter & Gamble (PG), and Johnson & Johnson (JNJ) types of stocks, which I own by the way, that yield two, three, or five percent, and are much better than a 1.25% yielding 5-year treasury."
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Posted by D4L | Sunday, October 03, 2010 | ArticleLinks | 0 comments »________________________________________________________________
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