Flip Flopper?

June 27th, 2007

The Almighty Bill Gross of Pimco has flip flopped on the direction of interest rates for the second time this month.

I can feel Mr. Gross’ pain. At this point predicting the direction of interest rates is like flipping a coin. The global economy is roaring on all engines - a case for higher interest rates. At the same time, we are walking on a subprime, weaker housing, leveraged-consumer mine field.  I am so glad that I am not in the interest rates prediction business.

Add to del.icio.us | Digg this story

Entry Filed under: Analysis & Research

1 Comment Add your own

  • 1. Alex Khenkin  |  June 29th, 2007 at 7:47 pm

    Well, maybe flipping a loaded coin. The 10-year yield is on the top of its trend channel and retreating as I’m typing this, so ,for a short-term trade, the coin is loaded on the long side. Not that I’m unbiased here, being long TLT and IEF.
    Small Investor Chronicles

Leave a Comment

Required

Required, hidden

Some HTML allowed:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

Trackback this post  |  Subscribe to the comments via RSS Feed



Categories

The Best Of