Bill Gross Comments CNBC 12/03/08 - Bottom

Bill Gross of Pimco was on CNBC today, 12/03/08, and gave these comments of the stock market. Bill Gross actually hinted that the stock market may be bottoming here.

Why are you buying stocks and think they are attractive here?

Risk taking over the long run will be rewarded, I think there is a good chance the stock market stabilizes here as well as the increase of asset prices.

Bill Gross on Bonds

We haven't bought Government bonds yet, Corporate bonds such as Caterpillar ( CAT ) & Hewlett-Packard ( HPQ ), A rated companies, yield 6-8% and are increasingly attractive. We haven't bought these yet even though they are attractive.

Would you Refinance into a 30 year fixed rate?

Not yet, shoot for 4.5 - 5% as a target, so don't refinance yet.

For more comments from Bill Gross, go HERE

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