Monday, May 9, 2011

Bill Gross/PIMCO Adds to Short Treasury Position (TLT)

Via ZH: Bill Gross actually added to his short position against US government debt, bringing total market value exposure to 4% of AUM

I think that this is a mistake. You have to separate emotion about the decline of the United States from the reality that this is a crowded trade that could quickly flip the other way.
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2 comments:

  1. CPMay 9, 2011 at 4:43 PM

    In fact, I think it's funny that Bill Gross is on the same side as the tweeters. I wonder if BG tweets?

    ReplyDelete
  2. EconomicDisconnectMay 9, 2011 at 5:04 PM

    Bill Gross only tweets to Greenspan.

    ReplyDelete