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发表于 2011-3-9 02:59 PM
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PIMCO Total Return dumps U.S. government-related debt
What will be the consequence?
jingriver 发表于 2011-3-9 14:19 
usually, bearish to bond means bullish to equity
and PIMCO did mention "it may start investing up to 10 percent of its assets in "equity-related" securities" (sounds like a hedge to their huge accumulation of cash that's being devalued every day?)
but the thing is,
it's a total dump with 0 left, implying they cannot be more bearish to the issue of US debt, which is top critical to the entire US economy thus relevant to the stock markets (yes, ben is much more important, i know ...)
so to me, it's a big SELL signal to everything related to US ...
but they could just 'have sold at the bottom' too, who knows ... |
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