- 3 Safe Investments That Let You ‘Sleep Better:’ Strategist
- Beware of 'Trampling Effect' When Market Tops: Manager
- Gold Heading to $1150: Art Hogan
- More Upside if S&P Passes This Number: Market Pro
- Playing Activision and Other Video Game Stocks: Analyst
- Expect 'At Least' Another 10-15% Upside: Fund Manager
- Why are Options Bullish on This Smartphone Maker?
- Why are Traders Bullish on This Food Company?
- Profiting From Natural Gas: Strategists
- 3 Hot Mid-Cap Stock Picks: Portfolio Manager
MOST SHARED
- Herbalife Vs. Hedge Funds
- Apple Surpasses Nokia as Top Cellphone Maker by Profits
- Gold Heading to $1150: Art Hogan
- Adobe Cuts 680 Jobs, to Take Charge
- Toll Brothers: More Contracts Signed, but Sales Down
- Cramer Jeers J&J, Applauds Abbott
- US Becomes Top Country Brand Under Obama: Survey
- Starbucks Brews Up Growth
- Beware of 'Trampling Effect' When Market Tops: Manager
- Gold Heading to $1150: Art Hogan
- Starbucks Brews Up Growth
- Farr: An Extended Period—No Fat Lady in Sight
- More Upside if S&P Passes This Number: Market Pro
- Murdoch Lashes Out At Google
- Fighting The Flu Vaccine Critics
- Nov. 10: Unusual Volume Leaders
- Shadow Inventory Dwarfs Loan Mods
- Retail Earnings in Focus Ahead of Shopping Season
- Apple Surpasses Nokia as Top Handset Maker by Profit
- In This Relay-Race Market, Who Gets Baton Next?
- Workers Staying Put at Their Jobs as Jobless Surges
- Three Things the US Can Do To Stop the Dollar's Decline
- Toll Brothers: More Contracts Signed, but Sales Down
- Ponzi Proceeds: Bidding on Madoff's Toys
- Bear Stearn Fund Managers Not Guilty on All Counts
- Commodity ETFs: Returns May Not Match Expectations
RSS FEED
CNBC Stock Blog
Paul McCulley of Pimco told CNBC that he believes the new role of government in the markets may be for the best.
“Armageddon has been cut off as a fat-tail risk. That’s not going to happen; we’re getting the right response from Washington,” said McCulley, managing director at the world's biggest bond fund.
“As we get through this recession we’ll see a new union, if you will, between the invisible hand of the market and the visible fist of the government,” said McCulley.
However, with the moderation of high risk comes the curtailing of rewards, he said. McCulley cautioned investors to expect profit growth to decline as the economy deleverages.
And he urged U.S. legislators to remember that the government and markets must have a "happy" symbiosis.
McCulley was joined by Jack Bogle, Vanguard Group founder and Bob Doll, BlackRock vice chairman. (Watch the video above to see Bogle, Doll & McCulley's comments.)
______________________________
CNBC's Companies in the News:
Cisco Systems [CSCO
Loading...
()
] (Story: Cisco CEO Sees No Layoffs)
Playboy Enterprises [PLA
Loading...
()
] (Story: Bad Days for Playboy)
Yahoo [YHOO
Loading...
()
] (Story: Yang Wants Microsoft Deal Now?!)
Berkshire Hathaway [BRK
Loading...
()
] (Story: Berkshire Profit Drop Expected)
______________________________
Disclosures:
Disclosure information was not available for McCulley or Pimco.








