Bill Gross Joins the Bulls

By Paul Kedrosky · August 22, 2007 · ·

PIMCO fund manager Bill Gross has joined the bulls. Whoa! Dogs and cats living together, etc.

I think the global economy is sufficiently strong and the U.S. economy
probably will avoid a recession, certainly on the corporate side, such
that it’s probably time to move into some high-yield, time to move into
investment-grade corporates … all of that has been hurt here in the
last few weeks as hedge funds have been imploding and credit itself has
widened dramatically in spread.

[Dow Jones via Bweek]

Related posts:

  1. Bill Gross Gets Some Search
  2. Bill Gross on Credit Markets & Rate Risks
  3. Idealab’s Bill Gross Discovers Venture Capital
  4. Bill Gross, Re-loaded (Again)
  5. Catching Up: Gaming CNBC’s Contest, Mobile CPMs, and Palm

Comments

  1. Kurt Brouwer says:
    August 23, 2007 at 11:10 am

    Paul–enjoyed the post. I did a longer post at our blog on the BW article. Hat tip to you.
    Could not find a trackback URL for this post, so did not send one.
    Kurt