“Wharton School of Business economist Jeremy Siegel says that Bill Gross, Pimco’s co-chief investment officer, is dead wrong about stocks being dead.
Gross wrote in his monthly investment outlook on his firm’s website, “The cult of equity is dying. Like a once bright green aspen turning to subtle shades of yellow then red in the Colorado fall, investors’ impressions of ‘stocks for the long run’ or any run have mellowed as well.”
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