[arete]

Sure is, anything but stocks!

Heard Bill Gross today on CNBC. He said that bonds are fully valued. Stated that stocks are overvalued and could still fall to 5000 on the Dow, but he didn't sound as sure of that as privously. He also said that he thought (and this is the surprise) the FED would be successful in reinflating the economy. No deflation. He didn't mention PM's.

It was a stunner and goes against everything I'm seeing in the economy. Wonder what Gross knows and how he knows it.

Richard W.

[rohry]

"Heard Bill Gross today on CNBC...

bonds are fully valued...

stocks are overvalued and could still fall to 5000 on the Dow...

He also said that he thought (and this is the surprise) the FED would be successful in reinflating the economy."

I think he's right about everything but the last prediction...

[Mr. Jeeves]

Maybe someone high up gave Gross the Scott Ritter treatment...

I guess now we know how far the Fed will go to save JP Morgan - all the way.

[EVO X]

It was a stunner and goes against everything I'm seeing in the economy. Wonder what Gross knows and how he knows it.

Bill had some face time on NBR tonight He wasn't pushing Dow 5000, but had a rather blah outlook on investing.