By the word “we” I mean equity investors. And, if we are on the iceberg, it may just be the tip of this bull market’s magnitude that we are seeing above the water line. To continue the analogy, those left on the ill-fated Titanic are the bears, including such notables as Marc Faber, Harry Dent,…
Tag: BILL GROSS
“El-Erian’s warning to the world”
The Warning Mohamed El-Erian, Allianz’s Chief Economic Advisor, thinks that most investors, institutions and retail, are operating under the assumption that there will be no more Fed Fund rate increases this year. His take is that there are likely to be two more in calendar 2016. OMG! Of course, my reaction is, ‘who cares?’ Rate increases,…
Two Major Questions Facing Mankind!
Where’s Putin? He hasn’t been seen in public for ten days! and Will the word “patient” be removed from this week’s Fed policy statement? My answer to question number one: I don’t know and I don’t care. As to question number two, my answer is a question: why should we care? As there will never be a…
Session 44–Know When To Fold ‘Em!
Our title today emanates from that Kenny Roger’s classic, “The Gambler”…”You got to know when to hold ‘em, know when to fold ‘em. Know when to walk away, know when to run.” It seems this is a lesson that has been lost on PIMCO founder, Bill Gross and his minions. Because Mr. Gross knew how…
Session 40–Be Afraid,Very Afraid!
Now, this is not my message, but it seems to be a message that the folks at PIMCO (Pacific Investment Management Company, LLC) are making a concerted effort to get into the public domain. Their intentions may be pure and noble, but instilling doubt and uncertainty might also be a desirable after effect. Having said…