Only Sentiment Holding Back Bulls
The markets begin a new week with a huge stream of earnings on tap including Intel, JP Morgan and Goldman Sachs. The European Central Bank is scheduled to meet and there are a number of important economic releases with inflation being front and center. On Friday, it’s April options expiration. The major indices look neutral to positive as the S&P 400 and Russell 2000 are a whisker away from all-time highs while the S&P 500, NASDAQ 100 and Dow are […]
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Date: April 13, 2015
The Story that Never Ends
Almost two weeks ago, I published this piece about PIMCO and Bill Gross. Since then, many news outlets continued reporting about the major problems inside PIMCO and the challenges Bill Gross faces. Thanks for the various quotes. PIMCO’s Got Bigger Problems than the Tabloid Drama We’ve Been Reading about Lately Some Still Wary on Gross’ Shakeup at PIMCO More Troubles for PIMCO in Wake of El-Erian Exit Advisers Ratchet up Scrutiny of PIMCO
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Date: March 28, 2014
The Fall of the House of PIMCO… The Bill Gross Saga
Overview of PIMCO Over the years, Pacific Investment Management Company or PIMCO has been the global leader in fixed income or bond management. Their Total Return Bond Fund was the largest mutual fund in the world with roughly a quarter of a trillion dollars until ceding to Vanguard late last year. It was the standard by which competitors were judged and dominated the 401K market. Although now owned by giant insurer Allianz, PIMCO has essentially been an autonomous unit since […]
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Date: March 16, 2014
