PIMCO’s Bill Gross & the Economist Agrees with SmartKnowledge U™’s Opinion About U.S. Bonds Six Months After the Fact!
June 17, 2007 - Yes, we’ve trumped the so-called experts again, including the person everyone in the media turns to regarding the direction of U.S. bonds, PIMCO’s Bill Gross, this time by more than 6 months. On January 7th, I wrote an article titled, “Ten Reasons Dollar Denominated Bonds Aren’t as Safe as You Think”. This week’s June 16th issue of The Economist, more than 6 months later after we published the reasons why dollar-denominated bonds were not low risk, contained an article discussing reasons for the “surprising” plunge in the prices of dollar denominated bonds this past month, and discussed why U.S. bonds, typically safe havens of investment for older investors, are not so safe anymore. Of course, they wrote this article after soaring bond yields had already sent bond prices plunging. At SmartKnowledgeU, however, we weren’t surprised at all. In fact, we told you all the reasons why dollar denominated bonds weren’t safe six months ago and had you merely read the article I wrote here, many of you that own bonds could have saved yourself a lot of grief. In fact, our investment strategies that allow us to be ahead of the game by six months to a year of everyone else in knowing which way markets will turn is exactly what enables us to so easily make high double digit and triple digit returns on many individual stocks. Read more …
4 comments June 17th, 2007
