How Bad Is It?
As we expected, the volatility of the market to the downside is testing everyone’s patience. The market continues to go down as the confidence in leadership to get a deal done on our debt situation wanes. Just two months ago…
As we expected, the volatility of the market to the downside is testing everyone’s patience. The market continues to go down as the confidence in leadership to get a deal done on our debt situation wanes. Just two months ago…
During the last 60 trading days, the S&P 500 Index has had 37 days of intra-day price swings of more than 2%. There have been both up days (up 11% since October 4th) and down days (down 18% prior to…
Mohammed El-Arian, the Co-CIO of PIMCO Funds, often makes the analogy that investing in the post-Lehman world is like riding in car over a bumpy road to an unknown destination. After rebounding in 2009, stocks have posted healthy gains but have…
Paul McCulley, a managing director at PIMCO, coined the economic slogan "New Normal". This term signifies a "changing of the guard" for consumers and businesses alike. From 1982 to 2007, the U.S. economy grew at an impressive 6-7% annual clip.…