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Bill Gross's Investment Outlook For May: A Sense Of An Ending
If Mr Gross was of his stature in years past, this article would be generating a lot of buzz on this board. But now he's just another prophet of pessimism, the likes of many we have seen since 1982 (not sure where it gets 1981) Still, an interesting missive by Mr Gross and let's face it, at some point these talking heads will get it right about the End of the end. On a personal note, albeit still 2 years away from the dreaded 70 of Mr. Gross, I can certainly empathize with his phobia of being 70. Even though I am as active and healthy as I was 50 years ago, unlike turning 40, 50, or 60, I simply am unable to put a positive spin on turning the big 70. Yuck!
Edit: where does he get that " fully invested investors wound up with 20 times as much money as when they began" (since 1981 and the Dow at 900) It's much more than that when you factor in the compounding of reinvested dividends.
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Edit: where does he get that " fully invested investors wound up with 20 times as much money as when they began" (since 1981 and the Dow at 900) It's much more than that when you factor in the compounding of reinvested dividends.
Ah, but the alternative may be worse.