Bond King Bill Gross Says Investors Should Stay Away From Stocks. Still, There Are 2 He Likes Anyway.
Over the past couple of months, there's been a tug-of-war playing out on Wall Street. Some believe a recession is imminent, while others are calling for a so-called "soft landing," where the economy narrowly avoids recession before beginning a comeback.
Bill Gross, known as the Bond King, falls squarely in the first camp. In a missive posted on his website this week, the legendary investor shared his thoughts about the challenges facing the economy. In short, he says that stocks are "clearly overvalued," surprising many investors when he said he'd "pass on stock and bonds" for now.
That said, there are a couple of ideas he remains bullish on.
Source Fool.com
