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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 334.66-0.5%Dec 1 4:00 PM EST
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To: Wally Mastroly who wrote (2014)9/7/2002 7:10:28 AM
From: Boca_PETE  Read Replies (2) of 10065
 
Wally M: RE: ("The market needs to yield close to 3.5 percent before it approaches fair value, and that means Dow 5,000," Gross wrote in his monthly commentary.")

Am I missing something? That sounds more like a commercial urging people to buy bonds, rather than a prediction.

I did not see where he was forecasting DOW 5000. He only seemed to be stating the conditions necessary to make stocks more attractive than bonds. Implication to me was, until DOW 5000 under the current environment, stocks stink so buy bonds (preferrably through his PIMCO funds).

FWIW,

P
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