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Stocks closer to fully priced: Ex-Treasury chief

Through the prism of The Good, the Bad and the Ugly on Wall Street, here are three top items for investors on Friday.

Larry Summers, former Obama economic advisor and Clinton Treasury secretary, told CNBC on Friday that he doesn't see the kind of troubling signs that predicated the 2008 financial crisis.

But he did say that "there's no question that assets are more fully priced than they were 18 months ago."

Read MoreLarry Summers doesn't see crisis-like indicators

Closely followed investor Barry Sternlicht is really hoping the stock market's current run has at least two more years left.

But he also expressed on "Squawk Box" on Friday concern about what he sees around the globe when it comes to the risks of terrorism.

Read MoreLots of 'ticking time bombs' out there: Sternlicht

Bill Gross
Reuters
Bill Gross

In a shocking move announced Friday, bond guru Bill Gross is joining Janus Capital Group, effective Sept. 29—leaving as head of Pimco, the company he founded, after an unbelievable four-decade run.

German financial services giant Allianz—parent company of Pimco—said it would not be commenting on the Gross departure beyond confirming the move.

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