The past 30 years since the nosebleed interest rate levels of the late 70s was one hell of a bull market for bonds that stiffly stopped during the crash of 2008.
It was a credit bust, not a stock market crash. I feel that stocks haven't gone up at all if you figure the Euro appreciation and bond appreciation and that the time for stock ownership is now. Bill Gross is coming out saying the same
http://noir.bloomberg.com/apps/news?pid=20601109&sid=aZ4xD1Gxe3XY&pos=10
Of course, Warren Buffett was saying it at the bottom.
Bill Gross has been right for quite sometime. Warren Buffett, presently, has his hand stuck in the cookie jar.
Does this mean that corporations will thrive by not being under the tyranny of interest rates?
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment