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.


CP said...

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

EconomicDisconnect said...

Bill Gross only tweets to Greenspan.