jg, If Gross is beraish on bonds, that is a buy signal nowadays, he was the most bullish he had been in a few years right at the high. He was calling this the last bull market in bonds. I also remember a time within the last year that he was bullish, and spoke out, and the bond market had 6 consecutive down closes beginning the very next day. It was clearly a fund that was fading him. Far be it for me to criticize him, but he has not been very accurate recently.
It is amazing if he had truly flipped his views that fast. He usually works from a very long term perspective. As I type this we have gapped down again quite a bit, so today should be very interesting.
