One comment may be instructive when placed in the context of Pimco's New Normal party line. Gross notes that over the long term, "stocks return more than bonds when appropriately priced at the beginning of an investment period."
So contrary to what the traditional buy-and-hold school of equity investing argues, he thinks the entry point is critical, particularly in this kind of climate.
Evan Simonoff, Editor-in-chief
E-mail me at [email protected] with your opinion.