A poem for Bill Gross

So.   Farewell
Then
Bill Gross.

You built
PIMCO and
Became known as
The Bond
King.

But it
Seems you were
A bit
Of a jerk.

Good luck at
Janus.  A god
With
Two faces.

What could
Go wrong?


- E.J. Thribb   (age 17 1/2)
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Anonymous
admin
September 26, 2014 at 5:37 PM ×

Le Roi est mort, vive le Roi!

hyenas fight for the lion leftovers.

remind me of Bud Spencer and Terence Hill' movies.


ciao f



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Leftback
admin
September 26, 2014 at 6:33 PM ×

Knock knock.
Who's there?
Hugh.
Hugh who?
Hugh Janus and Bill Gross.

The trade of the day was to buy PIMCO CEFs at the open, when they briefly traded 10-15% below NAV.

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Anonymous
admin
September 26, 2014 at 7:49 PM ×

@ Leftback

There is only one Pimco CEF that is at a -10% discount and that one isn't down much. The Pimco CEFs that are down -10% are at huge premiums to NAV

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Mr. T
admin
September 26, 2014 at 8:19 PM ×

Whatever is driving equities higher is still very much in play, despite what looks like yellow flags from fixed income, FX, and the commodity complex. (CHIS for bloomberg people does not speak highly about China growth). If WTI spreads go negative (!) that seems to be saying more about intl demand than domestic supply.

HY has broken above the July highs. I don't know how much more USD can rally without having some impact on earnings for big US companies. AAPL does 70% of their sales outside of the US, but amazingly the 4 week change in estimates for dec qtr is almost 400mil higher. I predict lots of 'ex-fx' numbers and estimates.

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Leftback
admin
September 26, 2014 at 9:19 PM ×

Anon, thanks, sorry, victim of bad data and over-extrapolation there. It was a good trade, if you exited today. JNS puts, anyone?

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Polemic
admin
September 26, 2014 at 9:28 PM ×

Dear Mr Gross
No longer the boss
Do I give a toss
No. Your Loss.

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CV
admin
September 26, 2014 at 9:47 PM ×

Ha ha ... Bow, at the waist, MM, LB and the rest

What was it you said MM, sometimes the jokes (and poems) just write themselves!

What will the next week bring I wonder?

Claus

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amplitudeinthehouse
admin
September 27, 2014 at 4:50 AM ×

Hey Bill, I bags driving the golf cart.

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amplitudeinthehouse
admin
September 27, 2014 at 4:50 AM ×

Hey Bill, I bags driving the golf cart.

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amplitudeinthehouse
admin
September 27, 2014 at 4:50 AM ×

Hey Bill, I bags driving the golf cart.

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Hotairmail
admin
September 28, 2014 at 6:12 PM ×

What did he do exactly?

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Nico G
admin
September 28, 2014 at 6:36 PM ×

Bill Gross was gross

now everybody sell their treasuries before Pimco has to liquidate some

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Polemic
admin
September 28, 2014 at 6:52 PM ×

Well if he's smart he'll insist on cash only as new money into his Janus fund, rather than taking on existing custodial portfolios. That way he leaves the liquidation of redemptions and the performance loss due to liquidity nightmares to PIMCO and he can leave a VERY lazy bid in the market for them to run into to give himself a head start on performance on the new fund.

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Nico G
admin
September 28, 2014 at 11:06 PM ×

sunday vanilla analysis on US stocks

http://www.businessinsider.com/stock-crash-9-2014

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abee crombie
admin
September 29, 2014 at 1:41 PM ×

australian banks, ouch!

I hate to be a yield hog but I know someone will be looking at them for just that.

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