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We want to summarize something, because it is probably important. We kind of missed this point. And in this day and age, you need to be prepared for text messages. We spoke on Monday when David Tera said that when Bank of Japan Governor Kuroda did not widen the range on Friday, it came as a shock that Japanese interest rates would remain capped at around 0 plus or minus 40 basis points.
So he said that could stabilize our 10- year bond at about 1.6. And he said then about a few months. He said it could take several months. And that's all he said. But he thought it might be enough to help the stock market, and it would be hard to play bearish as the Japanese start buying our bonds and capping the 10- year yield.
So, I just mentioned Serat , who some people point to, he was another big hedge fund manager who is probably thinking: at 10% GDP, are you going to stay at 1.6 or 1.7? David heard me say this and sent me the dictionary definition of the word "temporary," saying, "just in case you need a definition of the word " temporary." So, just sharing this with you, this is what he said.
And then he actually sent something else after that, which I'll share with you. He said, "Tell Becky and Andrew that they have nice hair." So, he didn't do it. I wonder what he didn't say about yours, huh? Yes. Yes. Thank you, David. It's just, you know, he did it. I think it was directed at you. Yes, I think that's true because he didn't...
that's why I wanted...that was the latest breaking news. Anyway, listen, I think it's right to emphasize this. Just remember that these movements can happen quickly. This can be determined for now, not later. And Gene said, as far as coming in and going out, Gene Munster said that three years is the term for everything he buys.
I don't think many people like Tupperware, it's not for three years. Maybe not. Maybe for 3 days, or 3 months, who knows. Welcome back, the last hour , a conversation with Sat Sethi . We're talking about David Tupper's comments that we cited on Monday about interest rates possibly being better controlled on the 10- year bond without having the same growth, and how that could have a positive impact on stocks.
If you were with us, you remember that today TER sent me a message with a definition that means it's a matter of a few months. Because we were talking to Sarat about how fast the economy could grow, and we could reach 10% of GDP. So, David emphasized one more thing after saying that Becky and Andrew's hairstyles looked nice.
He also said that stimulus funds would trickle down to both the stock and bond markets starting next week. Again, this only applies to the next few months. So that's also something that is I think the market has gradually been leaning towards the idea that stimulus checks in some form or another will end up in the stock market.
Some of it, um, the bond market is a logical conclusion, but it's interesting. You know, we've known for a long time that this was coming, and Cramer was talking about it a week ago, that it used to be "buy on the rumor, sell on the news," but we knew these stimulus checks were coming, and I think people are just slowly putting two and two together and making increasingly positive statements.
The idea was, or the new thinking was, if you had the best of both worlds where it does n't lead to higher rates, and we always have to point out you have to assume that TER, in fact, told us on Friday that he was buying with both hands. So when I mean, I don't know what his motivation is, he does n't need our help.
Believe me, he did well without it. And you have to assume that he has positions in assets that could benefit from him bringing this news to you. But does n't every guest of ours worth anything have them? I mean, people on the sell side don't have , but anyone on the buy side probably has a position on what they're talking about. So, you know, don't be naive. .
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