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Low Rates Are Pushing Investors Into Stocks: Lambert

Continued low interest rates are pushing people back into the stock market, Sears Holdings Chairman Eddie Lampert told CNBC Wednesday.

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"Risk is coming back into the markets. People are willing to put their money at risk," he said. "They want a return on their money rather than just a return of their money."

He added that low interest rates are having an impact. "People are tired of not making any money," he said. "As the markets go up it brings people back into the markets."

Lampert, also the founder of ESL Partners, said pension funds are investing more heavily in the stock market because they "have a lot of money to put to work" and need to earn returns. A lot of companies are also "in a position where they can make investments again."

In the same interview, David Bonderman, founding partner of Texas Pacific Group, also took a positive view.

"People are congenital optimists. People can’t stay depressed two years in a row," he said. "The glass becomes half full even if it's half empty. It’s the nature of human beings. The U.S. economy is better than you think it is...People are starting to spend. You look at the numbers, they’re actually not that bad."

He said the U.S. economy "is not in trouble in the short term," while the problems in Europe are "much less than meets the eye."

The euro zone "will look exactly the same in five years as it does now," Bonderman predicted. "The Greeks are gonna be there. Everybody's going to get their debt cut. Such goes life."