Discussion in 'Wall St. News' started by Stok, Mar 9, 2011.
Bill Gross is actually stealing elitetraders ideas!
zerohedge.com is like reading a tabloid. don't u think so?
This can spiral out into the other markets, especially the forex and the equity markets. Watch for a significant drop in the S&P in the coming days.
They pay 2-3% so no surprise he is dumping them, he can find better returns elsewhere.
PIMCO sees smoke.......watch for fire to breakout with UST .....interest rates will go up.
At which point -- after he's scared out all the weak longs -- he'll buy back in.
ZeroHedge is a Cult...
Their top guest blogger is a Hardcore Truther.
But there is often interesting stuff there...
That one can then research somewhere reputable.
If he is really dropping treasuries then the $ will be losing its reserve status to the IMF SDR's in the very near future.
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