Stock & Bond Returns Will Be Below Normal for Years

Investors should get used years of lower-than-normal "real", stable currency returns in both bonds and stocks. Negative real returns, broken by periods of liquidity induced spurts, define depressionary boxes.

Investors should acclimate themselves to years of lower-than-normal returns in both stocks and bonds, Pimco's Bill Gross told CNBC.

As part of the firm's forecast of a "new normal" in the slow-growth economy, Gross, co-CIO at the largest bond management firm in the world, said returns probably will be half of the normal 8 percent or so annualized profits to which investors have become accustomed.

Source: finance.yahoo.com