Bill Gross, PIMCO founder & co-CIO, said in an interview with CNBC that he’d prefer stocks over bonds considering the current investing climate.
“Let’s suggest the economy looks good, that risk assets — whether it’s high-yield bonds or whether it’s stocks — have a decent return relative to the potential of declining bond prices,” Gross said during the interview. “I’ll go with the stock market.”
According to Gross, stocks may outperform bonds over the next three months.
Starting at 4:50 in the video:
It sounds like you’re a little confused, Mr. Gross. Your shorts on treasuries are looking more and more like a very bad bet. Now you’re thinking about stocks? Perhaps you should put what’s left of other people’s money into silver. Or have you considered the Russian Ruble? I’m not necessarily suggesting that stocks are a bad investment right now. It’s just that you don’t seem too sure of yourself lately. What gives?