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PIMCO-ToTaL LiQuiDaTioN SaLe!
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Just watched Alan Higgins on Bloomberg. body language looking very uncomfortable.
Saying other funds are good investment and Pimco mostly a US business.
He said they comfortable in holding Pimco, with lots of blinking, not looking at the camera, and damn near shuttering.
Someone just shit in the nest!
I CAN'T BELIEVE that people are talkin' about the demise of PIMCO! Listen, if Bill Gross says that his company is sound, and all the indicators point to it, then for God's sakes, DON'T SELL! That would be like if I told you that bank XYZ was about to collapse, and everyone rushed out and sold, CAUSING the collapse! I'm not going to do that! O.K., so I was wrong about Lehman! SO WHAT! FORGET the DOW numbers for a moment and think of the SURVIVAL of the COMPANY, for God's sakes!
LISTEN TO WHAT I SAY! I'M ON CNBC AND HAVE GONE BALD TELLING EVERONE HOW IT IS!
(We'll return to 'MADNESS MONEY' with Kim Jramer, after an official word from our sponsor, PIMPCO. Stay tuned.)
Pimpco...soon to be Circuit City...same as it ever was.
Pimpco as Circuit City, brilliant WB
A toaster! Hey, that's a good one cuz I remember getting a toaster from my bankster in the 1980's for opening a savings account! You guys remember savings accounts, right? How they used to pay interest on your savings? Excellent work, WB VII! I like it hot! Love that jazz.
The real kiss of death comes when Cramer " keep your money in Pimco it's safe"
Earl Scheib made my day. Thanx, William.
Be careful over there. We need you;)
I am being careful. Today I decided to take some pictures since the whole world seems to be doing it. I will publish same without editorial comment.
Tommorrow, is a National Holiday. The Chinese equivalent to the 4th of July. But the celebration got canceled in HK.
Instead the "people" are organising a march or some such event which is expected to draw hundreds of thousands.
We shall see.
A little worried about you with all that is going on in HK! Hope you are safe and that the authorities use some good judgement and do not let it turn into a all out kill fest!
Keep pouring it to 'em!
Going Out For Business!
Just saw Doug Hodge and Dan Ivascyn on CNBC, telling people why they should stick with PIMCO.
Ha ha ha haaaaaaa LOL!!
This was so fucking desperate, unbelievable!!!
I'm really starting to make some serious popcorn and fill up the fridge with beer, because the next days are going to be fun to watch.
Well, who wants to buy digital/paper debt anyway? Maybe it is time for us to make some gold and silver bonds here on Banzai's ZH blogspot. No, not an ETF like GLD or SLV. We could have it printed with "We Stole It All" instead of "In God We Trust".
" First prize is a trip for two to Hawaii. Second prize is this lovely set of steak knives. Third prize ? THERE IS NO FUCKING THIRD PRIZE ! YOU'RE FIRED ! "
Bill Gross had a Glengarry Glen Ross moment.
bond funds are like a reverse mortgage, they sell off a bit of your equity each month to give you the illusion of collecting a dividend.
This could be the best event for the bond holders..... Being forced to sell at the peak high for bonds?
PIMPCO,eom
Sloooooooooowly aquairing taste for hot asian chicks in HK
see what you have done WB7
Reminds me of Better Call Saul's blow-up statue on top of his building. :-)
Was thinking the same thing.....
What a great photo! I was thinking of those two along the lines of Tony Randal and Klugman from The Odd Couple which was a hilarious movie [and TV series].
I’m surprised Buffett isn’t standing there alone, first in line since 2:00 a.m., waiting for the doors to open.
Is the treachery greater in their actions or our inaction?
jb
Have no fear, President Le Petomain will will fix any problems as he performs in a closed session for the ruling elite of Wall Street. Calamari is KING!
Bill Close; was that his name? he sure didn't come close this year.
Aye, but if you were Bill Gross, and after reading the tea leaves (SHTF scenario some time soon) needed to get out of US Treasuries, is there a better way than quitting?
does anyone remember that nice lady, lola, or lulu, or something like that; who used to post on here about her ongoing battle to short the Euro in FX. She mentioned that she had most of her savings in Pimco and she was very happy with their performance? I hope she was willing to change her mind and leave the managership of the once great and mighty "whats his hame"' the Bond King. These kinds of stories are almost always about a run of luck; as big bird tells us on sesame street; "if it seems to be too good to be true; etc.etc.". Hard to imagine how he managed to do so poorly for the last year, but he did manage it, somehow.
I think it was Orley.
Somebody said was Yyonnely.
the old Earl Schieb promise (I'll paint any car any color) I'll give any bond any rating, for just a small management fee...
Holy crap, I haven't heard that name in a long time.
I'll paint any car for 99.95
Back when he started he'd advertize late ngiht along with car salesman Cal Worthington, 'I'll paint any car for $19.95.'
"I'll paint ANY car, ANY color, for only $16,999,999,999,999.95! Ten dollars of FREE METALWORK, ABSOLUTELY FREE!, if you come in within the next seven days!"
It WAS '$19.95', when he first started up, you know. I DO remember the commercials.
Andy Granatelli used to do 'Tune-Masters' commercials in the same timeframe, showing off his magic blue-colored water 'addititive' that he promised to pour down your carburetor to rid your combustion chamber of deposits.
The HK protests are already being managed by the PTB, William. Watch yourself.
and painting the tape for the stock market investors
Ha-Ha. (he says, never having been interested in bonds, except as a one month trade in futures).
Sometimes ZH is like the CNBC of non msm. Last I checked 10billion withdrawlsof 2 trillion in managed assets is a rounding error. I think you guys are jumping th egun here.
A rounding error ! so; you don't think it indicates anything ? Wouldn't it be better to jump the gun than be late to the party?
Well if it is going to be that type of party you should know that CNBC/G.E./I.R.S. will put somebody in prison if they make a mistake on their 1040 for $43. We don't need guns. Or assumed taxpayer funding, or jumping for that matter. Way overrated at intitutional level.
but is presages more - potentially. You sell your most liquid assetts first. they havent had the opportunity to sell less liquid assetts just yet
You are mistaken. I am the comedy channel.
Hey WB7, I was archiving some Google Earth images of Fukushima and I used one of your art works at the end, I gave you credit in the discription, if you are not ok with me using your image I will take down...thanks WB
https://www.youtube.com/watch?v=StFDzkaH9fI
No problemo
Thank you!!
Will they still honor my lifetime warranty against default?
When the chef leaves and opens he's new restaurant the clientell will follow.
Did you mail in your warranty card?
Did Bill (Gross) put a guarantee on the box?
https://www.youtube.com/watch?v=a5dpBpaFiMo
Are we having fun yet, or what ? hee-hee.
If you want a guarantee, buy a toaster. :-)