dailyfinance.com - 2/26/2009
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Filed under: Economy , People , Investing Stocks are dead for the rest of your life. That's the gist of my exclusive interview with the head of PIMCO Total Return -- the biggest bond fund you've never heard of. But you should know PIMCO because its chief, Bill Gross, is one of the world's most ...
money.cnn.com - 2/21/2009
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money.cnn.com —
(Fortune Magazine) -- On the wall of his
office overlooking the Pacific Ocean, Bill Gross has hung...
a poster of Jesse Livermore. In the early decades of the last century Livermore made and lost several fortunes on Wall Street before killing himself in ...
(more)
Is Pimco's Bill Gross too powerful? - Feb. 20, 2009
bloomberg.com - 3/2/2009
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bloomberg.com —
March 2 (Bloomberg) -- Pacific Investment Management Co.
was hired to advise the U.S. government on the...
value of $118 billion of assets guaranteed in the bailout of Bank of America Corp. , said two people with knowledge of the decision. Pimco will ...
(more)
Pimco Said to Advise Bank of America as It Raises Debt Funds
Comments
Blog Reactions
Bill Gross and the death of equities
BloggingStocks —
... Gross is obviously talking his book but in my interview with him, he made a very interesting point. He suggested that since bonds and preferred stock are senior to common stocks in the liquidation hierarchy of a company, in a slow growth environment, there is no upside to stocks, only downside. ...
Freaky Friday Potpourri: The Make or Break!
Minyanville —
... ) as a tell, for better or for worse. Something is afoot at the Circle K. The "Death of Equities" proclamation from Bill Gross? As a young lad, I had crushes on Kristy McNichol, Julie McCoy and Nurse McCall but didn't, until recently, realize they were all McCrushes . Remember, Minyans, the destination we arrive at pales in comparison to the path that we take to get there. Of Pot and Kettles Black? There is a sudden groundswell of support to legalize marijuana ...
Links 2/28/09
naked capitalism —
... Metric: The F/R Ratio Josh Marshall, TPM Cafe (hat tip reader Scott) The Model That's Killing Pension Funds? Pension Pulse 35% fresh grads employed: survey China Perspective (hat tip reader Michael) CAPEX cuts - Credit Suisse warns steelmakers to shelve all plans Steel Guru Dire growth data fuel Asian fears Financial Times Weekend Reading: The Social Dynamics Of The Trading Desk Tyler Durden Bill Gross, the $747 billion bond man, declares the death of equities Peter Cohen Antidote du ...
gross outlook
Decline and Fall of Western Civilization —
via peter cohan at AOL's daily finance. ... [I]n Gross's view, growth prospects are so dim that there is no point in owning stocks since common stock investors will not benefit when there's no economic growth. Moreover, they'll be last in line for any dividends that might be available. i'd be hard pressed to argue. bill gross, being who he is, has his name attached to his every comment. that enforces a public responsibility to something the elder galbraith, in his "the great crash", defined as 'incantation'. so comments as bleak as this ...
The Daily Digest for Tuesday
InvivoAnalytics.com —
... . R.I.P: The Death of Equities . [image] S&P 500 Index: Liquified What about our usual daily chart of the S&P 500 Index? There is a filter in PhotoShop called LIQUIFY. Looks about right, wouldn’t you say? WSJ.com described today’s trading as ...
Is President Obama a better stock picker than Bill Gross?
BloggingStocks —
... In February I interviewed Bill Gross back when the Dow traded at 7,182. Gross's message? Equities are dead. Or more specifically, in light of his expectation that there would be no economic growth for the foreseeable future, there was no point in risking an investment in common stock since it stands in line behind all sorts of debt for a piece of the cash flows of a company in the event of a bankruptcy. ...
Related Content
PIMCO Manager On Being 'Fourth Branch' Of Government: Who, Us?
tpmmuckraker.talkingpointsmemo.com 4/7/2009 — A mere fortnight ago Bill Gross, who manages the world's largest bond fund PIMCO, was singing the praises of the Treasury Department's newly-unveiled Public Private Investment Program in the media, which the media in turn credited for the stock market ...
Fed needs to double balance sheet: PIMCO
| U.S.
reuters.com 3/26/2009 — TAIPEI (Reuters) - Bond giant Pacific Investment Management Co said the Federal Reserve needs to double its balance sheet up to $6 trillion to replace the amount of wealth destroyed in the United States, an executive said on Thursday. Liabilities on ...
Geithner's Gift To Pimco
globaleconomicanalysis.blogspot.com 4/2/2009 — Geithner's Heist America Plan is receiving words of self-serving praise from Pimco's Bill Gross. Indeed, Geithner’s Non-Recourse Gift Keeps on Giving to Bill Gross . Treasury Secretary Timothy Geithner’s plan to rid banks and markets of devalued ...
U.S. Treasury Opens Distressed-Debt Program Without Pimco
bloomberg.com 7/9/2009 — July 9 (Bloomberg) -- The U.S. plan to help buy as much as $40 billion in assets from banks got started almost four months after it was proposed and without Pacific Investment Management Co., the world’s biggest bond manager and an early supporter. ...
Geithner's Gift To Pimco
hf-implode.com 4/2/2009 — " Geithner's Heist America Plan is receiving words of self-serving praise from Pimco's Bill Gross. Indeed, Geithner’s Non-Recourse Gift Keeps on Giving to Bill Gross."
PIMCO Does Not Believe In Relative Value
hf-implode.com 6/22/2009 — "As for products, while PIMCO believes that fundamentals, technicals, valuations and policy support are all "positive" exclusively for Mortgage Backed Securities, in essence this is merely window dressing for justifying to investors (and the SEC) that after every 7 am conversation with Tim ...
Shaking Hands with the Government, or At Least With PIMCO
paul.kedrosky.com 2/9/2009 — Good comments from a bond ghoul writing in the new Atlantic business channel on the nervousness among his compatriots given that it seems increasingly possible that bondholders will eventually be forced to share the bailout pain. As I have said here ...
Pimco Predicts Inflation, Joining Buffett, Marc Faber (Update4)
bloomberg.com 3/12/2009 — March 11 (Bloomberg) -- Pacific Investment Management Co. which runs the world’s biggest bond fund, joined investors Warren Buffett and Marc Faber in saying inflation will quicken, sounding a warning for Treasury investors. U.S. government and ...
Actively Managed TIPS
advisorperspectives.com 8/23/2009 — When PIMCO talks, the market listens. Bill Gross, Mohammed El-Erian, and Paul McCulley provide consistently insightful, thought-provoking and entertaining market commentaries. As evidence of the power of their words, PIMCO’s forecast of a New Normal ...
IO May 09 Gross 2 2 4
pimco.com 5/4/2009 — A photograph of Bernard Baruch looms ominously on the far corner of my PIMCO office wall. Vested, with pocket watch and protruding chin thrust prominently toward the observer, this well-known financier of the early 20 th century at times appears ...
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