Double Digit Returns is Over. Gross said, "Those Days are Over!
Bill Gross of PIMCO spoke to Bloomberg Television's Stephanie Ruhle, Adam Johnson and Alix Steel on "Lunch Money" today, reiterating comments in his monthly outlook that the age of credit expansion that led to double digit returns is over. Gross said, "Those days are over…Pension funds and individuals and investors that expect 10% consistent returns to pay those bills are going to be disappointed."
This guy Gross has disappointed me for years.
Again -- He is DEAD WRONG !
His Funds are tooooo large to perform.
My Fundamental Valuation Work say just the OPPOSITE.
If you are seeking guidance don't listen to Fund Managers of any pedigree and AVOID Financial Analysts at all cost or expense.
You get both facts and an invitation to share, one on one, with me.