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Leading off his latest outlook with Alan Greenspan's "irrational exuberance" line, Bill Gross...

Leading off his latest outlook with Alan Greenspan's "irrational exuberance" line, Bill Gross (BOND) ponders its application to credit markets (LQD, HYG, JNK) today. Conclusion: Not yet. Labeling credit irrationality a 6 on a scale of 1-10, Gross suggests not selling, but instead lowering expectations.
 
Comments (1)
  • Drew Robertson
    , contributor
    Comments (330) | Send Message
     
    Yes Mr. Investor please lower your expectations slowly while I 'lower' my duration quickly. This is called distribution.
    27 Feb 2013, 11:18 AM Reply Like
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