Gross: 'Barney Fife' Stock Market Is Ready For a Pullback
Stocks have gone too far, too fast, and are due for a retreat in an economy that will grow slowly, Pimco's Bill Gross said on CNBC.
"We've got a Barney Fife market. Not sure what Barney would say about the market—you could imagine some sort of goofy, speculative market running far too high," Gross said in a live interview. "We think the market...is due for a pullback or setback only because it's gone so far and economic growth cannot go so far."
