Monday, May 4, 2009

Dawn of a new investment era?

Pimco thinks so:
If the cannons fired at Ft. Sumter marked the beginning of the war against the Union, then clearly these words [against Chrysler's bondholders] marked the beginning of a war against publicly perceived financial terror.
What does this mean for investors?
Risk will not likely be rewarded until the global economy stabilizes and the Obama rules of order are more clearly define

No comments:

Post a Comment