Bloomberg, Released on 6/7/17
“Instead of buying low and selling high, you’re buying high and crossing your fingers.”
Bill Gross is the Lead Portfolio Manager of the Janus Global Unconstrained Bond strategy and is a member of the Janus Global Macro Fixed Income leadership team. Mr. Gross also serves as an integral member of the Janus Capital Group Global Allocation Committee focused on the expansion of their global asset allocation business. Mr. Gross co-founded PIMCO in 1971 and served as managing director and Chief Investment Officer until joining Janus in 2014. He is the author of numerous articles on the bond market, as well as the book Everything You’ve Heard About Investing Is Wrong! : How to Profit in the Coming Post-Bull Markets. In a survey conducted by Pensions and Investments magazine in 1993, he was recognized by his peers as the most influential authority on the bond market in the U.S.
This summer for first time in nearly twenty years oil will drop below the $20 per barrel price,sending drillers and refiners on the long gray line to bankruptcy court.Only hope now for frackers is another (massive) round of QE or WAR or you can add another trillion in red ink onto bank balance sheets