Gross cat back in the bag

Cat Header

'There is a tragic end to all living things', says Pimco’s Bill Gross in his latest investment outlook.

MarketWatch reports that the fixed-income money manager is not talking about the bond market. He is referring to his cat, whose feminine grace earned her the name 'Bob' in the Gross household. And it sounds like the kitty’s daddy has good reason to be upset: Bob was a prized stock picker.

Gross remembers fondly: 'I often asked her about her recommendations for pet food stocks, and she frequently responded – one meow for ‘no,’ two meows for a ‘you bet.’ She was less certain about interest rates, but then it never hurt to ask'.

In the absence of his trusty companion, Gross appears to be trudging on, and he’s untangling the complexities of today’s bond market without Bob’s help.

To access the complete MarketWatch article hit the link below:

Bill Gross lost his stock-picking cat, so he says to reduce duration

China bank stress tests reportedly in the works

Bank Workers CharityBank Workers Charity - Supporting bank workers

Register for Financial Markets News Alerts