B4 The Bell, Frieday June 25
120 replies to this topic
Posted 25 June 2004 - 07:23 AM
Welcome to B4 the Bell!
Bill Gross is a little less bearish on bonds:
Pimco's Gross Says Treasuries Good Investments Again (Update1) Listen
June 25 (Bloomberg) -- Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., said the rise in debt yields over the past three months has made U.S. Treasuries ``the market where our money is.''
Gross on April 1 recommended investors buy ``anything but Treasuries'' on expectations faster economic growth would push yields higher and prices lower for existing debt. Since then, two- year Treasury note yields have surged 1.13 percentage points and 10-year yields have climbed 0.77 percentage point as speculation grew that the Federal Reserve would begin a series of interest- rate increases starting on June 30.
``We've come to a point where there is more value in the U.S. market,'' Gross said in an interview at his Newport Beach, California, office. ``It doesn't suggest that the bear market is over, but it does suggest'' investors are paying prices for bonds that reflect ``gradual Fed rate increases, or even more.''
Treasuries ``are sort of a safe-haven type of market, and we are relatively neutral there,'' he said. Pimco has almost $400 billion in assets under management and is owned by Allianz AG, Europe's biggest insurer.
Look for more Fed repo blasts the next few days up until June 30 that will keep the bond market and to a lesser exent the stock market supported.
Then the bear will return.
Posted 25 June 2004 - 07:39 AM
gross must be having some hormonal imbalances lately. he changes his mind more than Sybil.
Iat least we're all safe for now. thank God we're in a bowling alley.
Posted 25 June 2004 - 07:44 AM
Gold and precious metals stocks update.
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Posted 25 June 2004 - 07:48 AM
PB.....Congrats for the sucesses yesterday.
Posted 25 June 2004 - 07:52 AM
Companies to Be Put OnlineBy STEPHEN LABATON
Published: June 25, 2004
WASHINGTON, June 24 - The Securities and Exchange Commission has decided to publish on a Web site the thousands of comment letters that it sends to public companies and mutual funds each year about their annual reports, public offerings and other filings, officials at the agency said on Thursday.
The decision will make it easier for investors and rivals of the companies to understand the weaknesses of the disclosures and what financial issues are of concern to regulators.
Tryin' to gain some credibility
Posted 25 June 2004 - 08:41 AM
Final GDP 3.9
Chain deflator 2.9
oops, looks like there was a little inflation last quarter
Posted 25 June 2004 - 08:56 AM
I dunno know plunger...
Our country is based on a constitutional republic, not a democracy. IMO the title exemplifies everything gone wrong. That it was written by a vice president.....
Posted 25 June 2004 - 08:58 AM
I think that we may have found ourselves another Saddam.
"BAGHDAD (Reuters) - Iraq's prime minister vowed to crush Baathist die-hards and foreign militants he blamed for killing more than 100 people in a day of suicide bombings and attacks meant to sabotage next week's move toward Iraqi rule."
Iraq's Allawi Vows to Crush Rebels Sowing Violence
Posted 25 June 2004 - 09:06 AM
Well, this morning we will see first hand how powerful the forces aligned against gold really are.
Everything points to increasing inflation and a Fed that is cooking the numbers in the direction of minimal if any increase in interest rates.
If gold is held back today, it will not be for any technical or market-based reason.
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