Bill Gross Panics, Becomes Pincko Commie

Whoa! For a second I thought about sending a telegram to my Vanguard computers rebalancing my Target Retirement to hold up and watch the football game tonight.

On second thought I'll watch the game and let the computers keep on doing their thing.

heh heh heh - :cool:

Pssst - Wellesley 4.69% SEC yield on the VG website a few minutes ago.
 
REWahoo said:
What!? I moved $100k from cash to Wellington (VWENX) today. Wish I'd read this first...
Click to expand...

Show off! ;)

Seriously, the thing all this market madness has taught me is that I will definitely have a different level of risk tolerance once I'm no longer an accumulator. Sure, the market is having a sale, but all you retirees are trying to sell, not buy!
 
laurencewill said:
Show off! ;)

Seriously, the thing all this market madness has taught me is that I will definitely have a different level of risk tolerance once I'm no longer an accumulator. Sure, the market is having a sale, but all you retirees are trying to sell, not buy!
Click to expand...

Hey pay no attention to what we do-it's what we say that matters!

Ha
 
haha said:
Hey pay no attention to what we do-it's what we say that matters!

Ha
Click to expand...

Absolutely correct! Those silly Vanguard computers rebalancing my Target Retirement 2015 have never paid me any attention.

I am free - free to watch football, scream and yell, worry about the market, post here a lot and just hurry up and just stand there.

Near as I can tell - as long as they get their juice to run, the computers are happy.

Not one is named Hal nor do they pick football games!

heh heh heh - so ya think Bill Gross has enough juice to talk the market around to his view? :bat:.
 
What is needed is more control and regulation. If banks, funds, pension funds, and other financial institutions are ruining the markets because of misbehavior... we need sweeping change with the regulators.

New laws and regulation that can be used to put those people in jail and make them disgorge is what is needed. Not unlike the RICO statute for organized crime (but different). If a pattern emerges, throw the book at them. I am talking about market manipulation in clever ways.. not normal risk taking and investing. These activities ruin people and economies.

As long as these people (CEOs and Upper mgmt) are using other people money and able to get away with swindling people and then blame it on the markets (that they manipulated) or the bubble (that they created)... They will continue.

What sucks is that the last several bubbles... some smart people made out big time... many institutions were ruined and the average investor and the tax payer winds up scr3wed.
 
Could Bill Gross have a "conflict of interests" here?

Pimco, a unit of Munich-based Allianz SE, is seeking to take advantage of declines in home-loan bonds. The firm is raising as much as $5 billion to buy mortgage-backed debt that has plunged in value, according to two investors with knowledge of the matter. The Distressed Senior Credit Opportunities Fund will invest in securities backed by commercial and residential mortgages, said the people, who asked not to be identified because the fund is private.
 
chinaco said:
What is needed is more control and regulation. If banks, funds, pension funds, and other financial institutions are ruining the markets because of misbehavior... we need sweeping change with the regulators.

New laws and regulation that can be used to put those people in jail and make them disgorge is what is needed. Not unlike the RICO statute for organized crime (but different).
Click to expand...

Yeah, regulation and new laws work soooo well. :bat:

I don't have a problem with holding people responsible for their actions. I just don't think our government (made up of the people you are talking about and their buddies) is going to do it. For that matter, the last major use of the RICO anti-racketeering law that I remember was to put a little old lady in jail for growing medicinal marijuana for her own use in a state where it is legal.

So while I don't disagree with your sentiment, new laws and regulations just tend to be smokescreens to make everyone 'feel' like something was done, while business goes on as usual. JMHO, of course.
 
Gross is just doing what our government itself has been doing for some time comrades. The Repubs are Red, as are the Dems.

Come on now.
Where are all those pejoratives about "tin-foil hats" that were so abundant on this site a few months ago?
 
harley said:
Yeah, regulation and new laws work soooo well. :bat:

I don't have a problem with holding people responsible for their actions. I just don't think our government (made up of the people you are talking about and their buddies) is going to do it. For that matter, the last major use of the RICO anti-racketeering law that I remember was to put a little old lady in jail for growing medicinal marijuana for her own use in a state where it is legal.

So while I don't disagree with your sentiment, new laws and regulations just tend to be smokescreens to make everyone 'feel' like something was done, while business goes on as usual. JMHO, of course.
Click to expand...


I am all for punishing the perps. :bat:
 
FIRE'd@51 said:
Could Bill Gross have a "conflict of interests" here?

Pimco, a unit of Munich-based Allianz SE, is seeking to take advantage of declines in home-loan bonds. The firm is raising as much as $5 billion to buy mortgage-backed debt that has plunged in value, according to two investors with knowledge of the matter. The Distressed Senior Credit Opportunities Fund will invest in securities backed by commercial and residential mortgages, said the people, who asked not to be identified because the fund is private.
Click to expand...

Seems he could be associated with worse than pinko commies...parent company (and annuity seller) Allianz wasn't satisfied with their name on just a stadium in Europe, they were 99% of the way towards putting their name on the new meadowlands stadium that the new jersey jets and new jersey giants play in. But not now ;)

ESPN - Allianz's past ties with Nazis led to widespread criticism; teams still negotiating - NFL
 
Bill Gross' fund, Pimco, made $1.7 billion on the day the Fed bailed out Fannie and Freddie. I'll say he had a conflict.
 
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