The Bond King Says Stocks are Dead
Bill Gross of Pimco is basically stating that the inflation adjusted returns in the stock market in the last century of 6.6% are over. I understand that this was news almost a month ago, but it is still worth pondering. The following article is from the WSJ. By the way, it is worth reading the original Pimco Investment Outlook, which can be found at Pimco.
Bill Gross, Pimco’s co-founder and co-chief investment officer, says stock investors should think again about the age-old “buy-and-hold” investing mantra. He says consistent, annual returns are a thing of the past.