Seeking Alpha
Thursday, December 31 2009  |  12:42 EDT  | 
DJIA (DIA) S&P 500 (SPY)

Market Currents

Friday, June 19, 2009
12:47 PM TweetThis
  • At The Big Picture, an analyst looks at PIMCO's record as a Fed forecaster and finds it wanting. "Whatever insight PIMCO gleaned from being the world’s biggest bond fund was consistently overridden by their talking their book," says Barry Ritholtz, who also points out the lack of incentive that TV channels have to question such a big advertiser.
Back to Today's Market Currents »

This news story has 2 comments:

  •  
    I have often wondered why other stock/bond analysts are made to disclose their holdings or conflicts in their recommendations, but PIMCO talkingheads who advocate for this or that government policy are never asked how same would advance PIMCO's interests. Blatant conflicts are possible, though I believe Gross is an honest guy, but that wouldn't stop him from promoting his own interests.
    Jun 19 12:54 PM | Link | Reply
  •  
    I would use the data another way. Assuming PIMCO is talking its own book, one only needs to pay careful attention to infer its bets. Then, one must be on the same side of that bet. I don't frequently trade bonds, but this is how I would.
    Jun 19 01:29 PM | Link | Reply
Follow Market Currents on
Latest Articles
All latest articles ยป
Latest StockTalks
  • Karl W Miller: NYSE s currently lists CHK as being in possible short squeeze with strong price performance based on 5 yr history. Next 30 days will tell
    7 minutes ago
  • Karl W Miller: Positive News for Natural Gas: More Bad Weather Forecasted through March 2010 from Rockies to East Coast--http://bit.ly/79UYyU......
    about 1 hour ago
  • Karl W Miller: Positive News for Natural Gas: More Bad Weather Forecasted through March 2010 from Rockies to East Coast. See: http://bit.ly/79UYyU......
    about 1 hour ago
  • svosavvy: 35+ year time horizon here
    about 2 hours ago
More StockTalks »

From our sponsors: