Bill Gross of Janus called German Bunds the "short of the century" and it looks as if US and JPY are equally vulnerable. $TLT down 15% since Jan and I believe it still has room to run on the downside.
Now, interestingly, just this week Gross cited another "short of the century", calling for a top on Chinese Internet Stocks in the near term. But with another 25 IPOs coming down the pipeline this one will face a lot of headwinds. Man, I heart summer volatility...
Bond Rout Wipes Out 2015 Gains as Traders Stay Glued to Screens
http://www.bloomberg.com/news/articles/2015-06-03/bond-rout-...
Bill Gross of Janus called German Bunds the "short of the century" and it looks as if US and JPY are equally vulnerable. $TLT down 15% since Jan and I believe it still has room to run on the downside.
Now, interestingly, just this week Gross cited another "short of the century", calling for a top on Chinese Internet Stocks in the near term. But with another 25 IPOs coming down the pipeline this one will face a lot of headwinds. Man, I heart summer volatility...
http://www.bloomberg.com/news/articles/2015-06-03/gross-s-ne...
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