Don't buy the dip, legendary investor Bill Gross warns.

[littlemissmartypants]

Don’t buy the dip, legendary investor Bill Gross warns. He likes three stocks for now.
Gross invokes the Wall Street adage ‘don’t buy a falling knife.’

By
Steve Goldstein

Last Updated: April 4, 2025, 6:07 a.m. ET
First Published: April 4, 2025, 3:51 a.m.ET

Legendary investor Bill Gross told investors that they shouldn’t try to buy the dip after the worst stock-market drop since the pandemic.

“This is an epic economic and market event similar to 1971 and the end of the gold standard except with immediate negative consequences,” said Gross in a message on the social-media service X, following a similar message he gave to Bloomberg News.

“Investors should not try to ‘catch a falling knife,'” he said, adding that today’s bargains will be around tomorrow and the next day.
Gross recommended buying domestic companies such as AT&T
T -5.69%*
Verizon Communications
VZ -4.50%*
and Altria
MO -1.96% *
for their relatively safe dividends in a falling interest-rate environment. “Even with these be careful — they are approaching ‘overbought’ territory,” he said.

Snip...

Subscription link:
https://www.marketwatch.com/story/dont-buy-the-dip-legendary-investor-bill-gross-warns-he-likes-three-stocks-for-now-d8ca3b1f?mod=home_storiesyml

Archive (no pay wall) link:
https://archive.ph/AUPrH

*may not be current values

❤️pants

[bucolic_frolic]

1. Would you give the same advice to a MAGAt?

Or encourage him to buy with reckless abandon because it will save Trump?