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Bill Gross Reacts to the Fed Minutes

11/19/2008

PIMCO's Bill Gross appeared on CNBC on November 19, 2008.

 

Bill Gross believes that bailouts are calming credit markets, but that equity markets still remain vulnerable.

 

He believes the auto-industry will receive a bridge loan through January/February, from which date the Obama administration will come up with a long term plan for keeping the industry out of bankruptcy.

 

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Past performance is no guarantee of future results. This is not an offer or solicitation for the purchase or sale of any financial instrument. It is presented only to provide information on investment strategies and opportunities. The material contains the current opinions of the commentator, which are subject to change without notice. Statements concerning financial market trends are based on current market conditions, which will fluctuate.

 

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