Pigs are officially flying.
Gross gets it. He got it months ago when he ordered PIMCO to dump their US holdings. Glad he driving the point home, just in time for QE3.
Good word.
YUP...my husband TODAY finally said...he’d read something in a publication he gets that some financial people are warning people to get out....I’ve been warning him for 2 years....now he’s saying can’t buy gold, it’s too high...I’m thinking about buying lead.
>>>Gross gets it. He got it months ago when he ordered PIMCO to dump their US holdings. Glad he driving the point home, just in time for QE3.
And since he dropped US Treasuries, the yield on the 10-year has dropped about 75 bps. He may have just been early, but to date that move hasn’t paid off.