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Pimco Says Lack of Fear in Markets Means You Should Be Worried

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Joachim Fels, Pimco managing director and global economic adviser, on why he thinks investors should be worried.(Source: Bloomberg)
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One of the world’s largest money managers says you should fear the lack of fear in markets.

Investors in global equities are enjoying the best start to a year in at least three decades, cutting back on cash positions and plowing more money into riskier assets. However, just as many expect this bull run to last even longer than previously expected, Pacific Investment Management Co. says now is the time for caution.