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: Mohamed El Erian
Session 45–“Earnings Season”
Before venturing into one of my favorite topics, “Earnings Season”, I thought it might be useful to explain my reason for creating kortsessions.com. I started my blog to offer a sensible counterpoint to the 24/7 media/ political/ punditry cycle and its continuous barrage of bad news, misinformation and fear mongering. Most of this is noise, doing…
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…