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Pimco's 'new normal' missed out on 94% stock rally: Wharton's Marston

Pimco’s ‘new normal’ missed out on 94% stock rally: Wharton’s Marston

Pimco’s ‘new normal’ missed out on 94% stock rally: Wharton’s Marston

Bill Gross can’t predict the market neither can Richard Marston or anyone else for that matter. Bill Gross is one of the smartest guys out there but he got it wrong in a big way. Will Marston be right? Who knows, you have a 50/50 chance when predicting what the market and economy will do, it will either be up or down. Pretty good odds for just about anyone to be right once in a while and look real smart but no way to manage your money.

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