Bill Gross, founder and co-CIO of Pimco, said in an interview with CNBC that, all things considered, he prefers stocks over bonds in the current investing climate.
“Let’s suggest the economy looks good, that risk assets – whether it’s high-yield bonds or whether it’s stocks – have a decent return relative to the potential of declining bond prices. I’ll go with the stock market,” said Gross.
Source: CNBC, March 24, 2010.
