Bond giant PIMCO is making a move into equities, including equities in Europe, according to co-Chief Investment Officer Bill Gross. While some European countries face trouble going forward, Gross tells CNBC that “corporate equities … in terms of valuation, are selling at very low P/E ratios and in some cases might be perceived to be [...]
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Tag Archives: PIMCO
Gross: Time to Grow Up
September 4, 2009
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In his latest Investment Outlook, PIMCO’s Bill Gross calls on “children of the bull market” to grow up, and goes a bit deeper into the concept of the “new normal” that he’s discussed previously. Gross says that there has been a significant break in the growth pattern that many investors have grown used to over [...]
Read moreGross on Haircuts, Shared Burdens, and those Green Shoots
May 4, 2009
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In his latest Investment Outlook column on bond giant PIMCO’s web site, Bill Gross says that the recent crisis — and the government’s response to it — has changed the financial landscape, and that investors must be cognizant of the new economic and investing world that has been created. President Obama’s comments on the recent [...]
Read moreGross: Investing “Revolution” Is On
March 31, 2009
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In his April market commentary on PIMCO’s web site, bond guru Bill Gross says that we’ve entered a new world of economics and investing, one in which “there should be no doubt that the bull markets as we’ve known them are over and that the revolution is on. Investing is no longer child’s play.” Gross [...]
Read moreGross: Be Bold — But Don’t Nationalize Banks
February 27, 2009
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PIMCO’s Bill Gross says that the U.S. government needs to be bolder in its handling of the financial crisis — and says that bank nationalization is not the answer to the problem. “The U.S. and global financial systems require credit creation and foreclosure prevention, not bank nationalization as currently contemplated by some,” Gross writes in [...]
Read morePIMCO’s Gross on Shadow Banking System — and the Key to Getting out of The Crisis
February 5, 2009
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While policy makers continue to debate what is the best way to halt the country’s financial crisis, “bond king” Bill Gross of PIMCO says it is clear what needs to be done. “The remedy for this deflationary delivering and mini-depression is simple and almost axiomatic,” Gross writes in his latest commentary on PIMCO’s web site. [...]
Read morePimco’s El-Erian: Beware of Value Traps, Seek Catalysts
December 22, 2008
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Pimco Co-CEO Mohamed El-Erian tells CNBC that “every investor should go back to the basics” in 2009. According to El-Erian, investors need to focus on “diversified asset allocation, good implementation vehicles, and solid risk management”. El-Erian believes equities could lag until investor confidence improves and warns that some investments could be value traps — meaning [...]
Read morePIMCO Co-CEO Calls for “New Thinking”
December 5, 2008
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PIMCO’s Mohamed El-Erian says that “Only New Thinking Will Save the Global Economy”. El-Erian believes that the situation will get worse before it gets better, saying that we are moving toward a “different destination” and one that results in “more market accidents, disorderly sectoral realignments and additional shifts in policy.” He goes on to say [...]
Read morePIMCO’s Gross: Stocks Cheap — According to Old Standards
December 2, 2008
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Bill Gross, managing director of investment manager PIMCO, says stocks are selling at very low historical levels — but only if looked at “in the context of a financed-based economy once dominated by leverage, cheap financing, and even lower corporate tax rates”. Unfortunately, Gross writes on PIMCO’s web site, “That world … is in our [...]
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