First of all I would say Bill Gross is a little distracted. If he wants to sue his former employer, go ahead but he should not be trading while it is ongoing. I also question his basic spiritual health. Why the need for vengeance? He's already said he would donate any winnings to charity. So its the principle of the thing? That's a bad state of mind from which to be trading. Anyone who's ever done a revenge trade knows what I'm saying. My other thought is that perhaps all the opportunity has been wrung out of the bond market. How much risk are people taking at the end of a 35_year bull market? I'm thinking more than I want to know. Way more. If George Soros wants to trade bonds its pretty easy to get long or short aa big as he wants and he doesn't have to second guess his manager or pay him. Maybe he figured that out. Sometimes simpler is better, George. Just get short at a size you feel comfortable and wait for the apocalypse.--Swimr