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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (396479)	10/27/2009 1:09:52 PM
From: Secret_Agent_Man	Read Replies (1) of 436258

pimp-co's gross callin' a top- Markets' rally at 'pinnacle,' Pimco's Gross says By Jonathan Burton PTTAX SAN FRANCISCO (MarketWatch) -- The rally in U.S. stocks and riskier bonds is nearing an end and investors will have to settle for more muted returns, Bill Gross, managing director of bond-fund giant Pimco, wrote in a commentary published Tuesday. "The six-month rally in risk assets -- while still continuously supported by Fed and Treasury policymakers -- is likely at its pinnacle," said Gross, manager of Pimco's flagship Total Return Fund (PTTAX 10.88, -0.02, -0.18%) . The risk of investing in stocks, high-yield bonds and distressed mortgages "outweigh the rewards," he said. Going forward, he added, investors can expect 4%-5% returns from their portfolios -- well-below historical average. marketwatch.com shot callr wanna b baller

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