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Gross Says Markets Can't Prop Up Wealth Flimsy as Toilet Paper

  • `Stay out of the bathroom,' Janus bond fund manager tweets
  • Tools to bolster investments, economies are limited, he says
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U.S. Stocks Join Global Rout, What's Next?

Bill Gross says to "stay out of the bathroom" as stock markets enter bear territory.

“Markets are recognizing the limited tools they now have to prop up assets AND real economies,” Gross, who manages the $1.3 billion Janus Global Unconstrained Bond Fund, said in an e-mail.