Bill Gross and Liz Ann Sonders are Dr. Gloom and Ms. (Fairly) Optimistic before Schwab IMPACT crowd
The PIMCO CIO goes so far as to envision the eventual 'end of capitalism' while Schwab's chief strategist sees underappreciated signs of a new boom
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August 10, 2021 at 11:46 PM
Mosaic Financial Partners, Inc.
Advisory Firm
Top Executive: Norman Boone
Jeff McClure
Mr. Gross, bond genius that he is, is often like the clock that is right twice a day. Back in the summer of 2002 he insisted that the Dow would need to drop another 50% before it recovered. He actually serves as a pretty good bear-market bottom indicator. Whenever he insists the worst is yet to come, things almost immediately start getting better.
Carlos
Hey man. U are talking about something 8 years ago. Really. By the way bill is right and Liz Ann will be wrong big time. This market is going down big. Liz Ann. Does not understand the weight of the bond market collapse will have on everything. stay invested and u will be waiting to get even
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