Gross said the situation remains precarious. His investment has repeatedly called the “new normal” of much slower growth rate than what the normal has been over the last 20 years. With another drop possible and continued deflation, he said 30-year bonds with a yield of 4.13 to 4.15 percent would become attractive.
May 11, 2009Today’s Topics
What is going on with Market?
Dow up 162 points on Friday May 8, 2009. Only six Dow stocks down, IBM, INTC, HD, VZ, T, MRK. Extension of Bear Market Rally and Dead Cat Bounce which could take S&P to 960 and DJ to 9000 because of 50% retracement off of spike [...]
Written by Michael Markowski on
September 4, 2009 – 9:42 am
