Thursday, September 24, 2009

Gross: Stock Market Due for Pullback

By: Dan Weil

Money News

Bond guru Bill Gross says stocks have far outrun the economy and are thus overvalued.
He compared the market over the past 12 months to a choice between historical comedians Will Rogers and Barney Fife.
Fife, of course, was the hapless deputy on the 1960s comedy "The Andy Griffith Show." And Gross opted for him.
“We've got a Barney Fife market,” he told CNBC.