Gross Warns of Risky Markets, Advises Cautious Investing Approach
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Bill Gross warned investors to be cautious as markets are looking risky due to factors like Fed policy and momentum driving valuations.
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Asset prices may suffer as negative forces like debt, healthcare costs, etc. weigh on markets.
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Investors should participate but avoid the riskiest assets; they shouldn't cash out but should "sit out some dances."
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Gross said these are "dangerous times" financially, geopolitically, and environmentally - the new fundamentals.
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He advised being careful and avoiding the riskiest assets, no matter how appealing they look.