Bill Gross Joins the Bulls

By Paul Kedrosky · Wednesday, 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]
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