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Pimco's Bill Gross - Do Not Own Long Bonds

February 06, 2013 | About:
Are we at the beginning of a multi-year "Great Rotation" from bonds to stocks? Gross weighs in on the subject:

- Gross is bullish on the stock market and thinks it can go up another 5% over the remainder of the year.

- What he has observed though (at PIMCO) is that the money flowing into stocks isn't coming out of bonds; it is coming out of money market funds.

- He thinks a bear market in long bonds began last summer, and he has been advising investors not to own the 10-year or 30-year.

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