June 27, 2007 | Posted by

Flip Flopper?

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.

Bookmark and Share

Short URL: http://ContrarianEdge.com/?p=200

  • http://smallinvestorchronicles.blogspot.com Alex Khenkin

    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

Recently Commented

  • McCoy Penninger: I really enjoyed reading this.  Dead on.
  • I Need Money: So I guess is we hear Hoenig say that “the Fed should stick to its mission as lender of last...
  • I Need Money: So I guess if we hear Hoenig say that “the Fed should stick to its mission as lender of last...
  • frank r: whatever debt buildup exists in china can be solved overnight. Just pass a law. All these pieces of paper...
  • Every american: my impressions from ‘sideways’ (great book BTW) is that undervalued value stocks are the...

Recently Added