Dow at all time high.Bill Gross has no yen for Yen.

Bill Gross,of course,the co-founder PIMCO,hence,the bond maven(Yiddish for expert) was on Bloomberg T.V this morning.In the currency war,he believes the Yen is doom for less value ,as is the Pound(U.K) the U.S Dollar and Euro will do OK but the currencies he likes are Peso( I think Mexico)and Brazil's Real.As far as,the Dow stock market goes the top would only grew if economy can reach 3 percent growth.I I'm not sure he's right about that,with cash bonds,U.S treasuries paying nothing a solid stock paying a 3 percent dividend,with a history of growing the dividend,with earning growing and a payout that is less then 50 percent of earning and clean balance sheet looks mighty attractive to investors,hence,as long as, interest rates remain so low the stock market looks like a good play.My take not the Bond Maven.