Gross: Stocks no good for the long run
Bill Gross exchanges emails with consultant and TV talking head Peter Cohan. Gross tells Cohan:
"Global growth rates -- low, low, low -- asset classes will be readjusted for that outlook. That is -- stocks will be more of a subordinated income vehicle as opposed to a 'stocks for the long run' growth vehicle."
"Global growth rates -- low, low, low -- asset classes will be readjusted for that outlook. That is -- stocks will be more of a subordinated income vehicle as opposed to a 'stocks for the long run' growth vehicle."
posted by Dan Jamieson at
1:33 PM
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