– Bill Gross: Enjoy The Santa Rally – The Hangover Is Coming As “US Is Not An Island” (ZeroHedge, Dec. 20, 2011):
Just tweeted from the bond titan who is getting more and more concerned about those asset management fees in a world in which fixed income is increasingly becoming risk free, courtesy of central planning, until Gresham’s law unwind destroys everyone.
1 thought on “PIMCO’s Bill Gross Tweets: ‘Today Is A Santa Claus Rally! Prepare 4 Record Cold Winter, Solstice Upon Us’ … ‘US Is Not An Island’”
What I notice about him is the fact he makes such declarations while betting that way using huge funds he controls. He is no friend of the economy, or of ours. 80% of all trades on the DOW are high frequency, a few individuals like Mr Gross buy and sell huge blocks of stocks in less than 8 seconds. That is skimming, and ought to be illegal.