coldcall

Bill Gross: Sell Equities, Buy Treasuries

I agree with Chap08.

Just to add i think it sort of odd to be touting bonds at the moment when they have enjoyed one of the greatest rallies of history over the last 12 months.

Perhaps Mr Gross notices many people pulling out of the bond market, or at least taking profits, and he is doing his best to protect the value of his bond funds.

Another reason i dont put much store in PIMCOs views is their behaviour towards private CIT bondholders was shocking (particularly their shoddy little agreement with CIT offering bondholders a tender under ridiculous terms).

PIMCO will always look to save their own skin whether or not the strategy used to do so protects the fiduciary rights of bond holders.

Sorry but i would not put a penny into a PIMCO fund. Just my personal opinion of course.