Lehman Redux: Is It Time to Panic Again? Gross, Others Think So
Is it time to allocate a significant portion of your client’s portfolio to shotgun shells and canned beans? While it might be a tad overly dramatic, signs from PIMCO Chairman Bill Gross and others point to yes.
Eurozone Data Drive Markets Down
For the second day in a row European stock prices retreated as economic data showed unexpected weakness for February, with services and manufacturing output falling.