Quote of the Day, from Larry Williams
Gross was grossly wrong. And with stocks, as long as they are pricing in President Donald Trump's goal of 3 percent economic growth, investors should reduce their holdings, he added. "It becomes a question of reducing risk and reducing return expectations as opposed to anything else." In Gross' latest investment outlook he warned that a global slowdown in productivity as a result of the financial crisis will make it impossible for Trump to get economic growth back above 3 percent and will reveal financial markets are overvalued.
Comments
Kitty13 on January 23, 2018 7:36 pm
Seems like flagellating bears is du jour.