Neel Kashkhari Bullish on Equities Long-Term

AP

Neel Kashkari

Pimco Managing Director Neel Kaskhari on Thursday sounded bullish on economic conditions over the short term and stocks over the long-term.

“We are absolutely investing in equities,” he said on CNBC’s “The Kudlow Report.” (Read More: Play Equities as Long as Fed ‘Drip’ Allows: Kashkari)

Yet asked for his take on Wharton School finance professor Jeremy Siegel’s prediction that the Dow would hit 17,000 by the end of next year, Kashkari didn’t rule it out. (Read More: Former Treasury Official: QEs ‘Are Like Morphine’)

“I don’t want to say it’s impossible, but we have to focus on the factors that drove the markets — both equities and bonds — the last several decades. We were levering up the U.S. economy, corporate taxes kept going down and down and down, and corporate profits as a share of GDP kept going up. (Read More: Pimco's Neel Kashkari: Deficits Prop Up Stock Market)

Total Cost: $58,065Tuition: $43,840Room & Board: $13,980Fees: $245Claremont McKenna, located near downtown Los Angeles, accepted only 12.4 percent of its applicants for the class of 2016, a rate that admissions counselor Brandon Gonzalez said ensures that students here will be going to school only with other top students.�The class of 2016 will be one of the most talented groups of students we have ever seen,� The school will charge these students a tuition of $21,920 per semester, or $43,840 for the entire academic year, incurring a total cost of

“Those tailwinds are likely not going to blow for the next five, 10 years. And so we think you need to be more realistic about what kind of returns are going to be possible, but we still think stocks can be very attractive for long-term investors,” he said. (Read More: Be Selective, Buy Strong Dividend Payers: Pimco’s Kashkari)

WATCH the entire interview with Pimco Managing Director Neel Kaskhari.

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"The Kudlow Report" airs weeknights at 7 p.m. ET.

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