<< Read Full Article
<< Read Full Article
Pimco's Gross Predicts Dow 5000
The nation's biggest bond manager, Pimco's Bill Gross, took another swipe at pricey stocks Friday, saying the market would remain overvalued until blue-chips plunge by 40%.
Saying that dividend yield, rather than earnings growth, is the key to any stock market appreciation, Gross predicted stocks would continue to flounder until the Dow Jones Industrial Average hits 5000. The Dow closed Thursday at 8283.70. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,487.98 | 1,114.92 | 2,216.35 | 35.67 |
Oil *
73.67
|
|
UP
35.98
|
UP
6.99
|
UP
15.30
|
DOWN
0.36
|
10 Yr
3.57%
SPDR Gold
111.37
|
|
+0.34%
|
+0.63%
|
+0.70%
|
-1.00%
|
Data delayed 20 minutes |
Connect with TheStreet