Tuesday, August 29, 2006

Bill Gross Likes Bonds!

Bill Gross, who manages the biggest bond portfolio on the planet, has a new commentary at PIMCO's website. Amazingly, Mr. Gross likes bonds and doesn't like stocks. Wow, a bond manager that likes bonds. Um, call me underwhelmed by Mr. Gross' pessimistic view of our economy and society.

Well, as I acknowledged at the start of this Outlook, some of us never have had it so good, but the demographic season is changing and a rebalancing, more equitable distribution of our rather meager stockpile of nuts lies ahead.

Gosh Bill, should I put some money in your fund to protect myself????? Geez, talk about self serving. Click on the title to read the rest of this depressing rant.

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