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From: Julius Wong4/4/2025 3:25:54 PM
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Bill Gross: Investors should not buy the dip, it's like ‘catch a falling knife’

Apr. 04, 2025 8:00 AM ET
By: Monica L. Correa, SA News Editor

PIMCO co-founder Bill Gross said investors should stay away from buying the dip amid market turmoil.

The American investor and retired fund manager said in an email that investors should not try to “catch a falling knife,” Bloomberg reported.

“This is an epic economic and market event similar to 1971, and the end of the gold standard except with immediate negative consequences,” he said.

The Nasdaq ( COMP:IND) ended Thursday’s session down 6%, while the S&P 500 ( SP500) was down 4.8%, and the Dow Jones ( DJI) finished the day down 4%, shedding almost 1,680 points.

Gross said this selloff, propelled by President Donald Trump’s unveiling of broad tariffs, was “a deep market event” that has little resolution in sight.

Gross said that President Trump “can’t back down anytime soon. He’s too macho for that.”

He also said he sees opportunities only in domestic stocks that could provide relatively safe dividends as interest rates fall. He named AT&T ( T) and Verizon Communications ( VZ). The stocks closed 1.63% and 1.97%, respectively.

But “even with these, be careful, they are approaching ‘overbought’ territory,” he said.
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