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