Deposit insurance gets permanent increase – reconciliation conference members on Tues agreed to permanently increase deposit insurance for bank customers (from $100K to $250K); the move was unexpected.
This move could hurt stocks....
Thursday, June 17, 2010
PIMCO likes stocks...
PIMCO’s Gross says his firm is moving into equities - "We are making a move into equities...we are recognizing the global market place is not just bond related,"; Gross says equities look attractive - "Corporate equities, however, in terms of valuation are selling at very low (price-earnings) ratios.”
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