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The issue that I continue to have is that at some point if Bill Gross sees a very large shift in the bond market, he can't make the switch overnight given the size of assets under management; he's going to have to be wrong for a period while making the shift. This may not be that period, but I do believe that that will have to occur at some point and additionally, I don't believe Gross (in a "do as I say, not as I do" manner)
"Do I wish I had more Treasuries? Yeah, that's pretty obvious," he said to the London-based newspaper. "I get that it was my/our mistake in thinking that the U.S. economy can chug along at 2% real growth rates. It doesn't look like it can."
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http://money.cnn.com/2011/08/30/markets/bondcenter/bonds_pimco_bill_gross/
"Do I wish I had more Treasuries? Yeah, that's pretty obvious," he said to the London-based newspaper. "I get that it was my/our mistake in thinking that the U.S. economy can chug along at 2% real growth rates. It doesn't look like it can."
Hope knee feelin better Investor.