Bill Gross: "Market Risk Is Highest Since Before The 2008 Crisis"

Tyler Durden's picture

Speaking at the Bloomberg Invest summit in New York, Bill Gross (of the recently merged Janus Henderson) who may or may not have been talking his bond book, issued a loud warning to traders saying U.S. markets are at their highest risk levels since before the 2008 financial crisis "because investors are paying a high price for the chances they’re taking." Well, either that, or simply ignoring the possibility of all ETFs having to sell at once.

“Instead of buying low and selling high, you’re buying high and crossing your fingers,” Gross said Wednesday quoted by Bloomberg.

The rest of Gross' complaint is familiar to long-suffering traders who have to navigate centrally-planned markets for much of the past decade: he said that central bank policies for low-and negative-interest rates are "artificially driving up asset prices while creating little growth in the real economy and punishing individual savers, banks and insurance companies."

In other news, Gross’s fund has returned 3.1% YTD according to Bloomberg, outperforming 22% of Bloomberg peers (and underperforming 1-X that number). It has posted a total return of 5.4% since Gross took over management in October 2014 after he was ousted from PIMCO, which while modest is better than 90% of macro funds.

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trouba z ceska's picture

Obviously he is crossing his fingers very well. Buy high, don't sell? Good strategy!

Ghost of PartysOver's picture

Brought to you by Central Banks and QE the world over.  Wasn't Gross on of the fools calling for QE?  And now he is complaining about the results?

JRobby's picture

You would think he has the $$ to do something about that "corpse" look?

DownWithYogaPants's picture

They have not conquered age yet.  He is 73.

Just shaving his head would be a huge improvement.  Although he might lose his bowl haircut of power.

Zer0head's picture

wake me when Roubini opens his subscription site like he did in 2008

RibbitFreedom's picture

You are exactly right. I used to trade at Merrill and Jefferies. He had his 'shake hands with the government' line. What a farce.

moonshadow's picture

Do Not click on any link from 'Down With Yoga Pants'- web danger threat. You have been warned

DownWithYogaPants's picture

That's a lie and you know it.  You should be ashamed of yourself for spreading an untruth.

Truth is both weapon and shield in times of chaos such as these.  Jordan Peterson on this:

Any one who reads these comments regularly knows me and knows what you say is untrue.  You may not agree with my alt right opinions but there is no chicanery involved.

quadraspleen's picture

Christ, if I had a pound for every "expert" who's come out and said the exact same thing for the last 6 months, I'd have close to £40. The drinks are on me (but only 4 of you as booze is really expensive)

DownWithYogaPants's picture

Here lie the stories of hard times as told to me by my father, life experience, ZeroHedge.

Jacking off the Dog to Feed the Cat

Bryan's picture

Um Bill.  Buying high and crossing your fingers has been the trading plan for several years now.  Where have you been?  "BTFATH"?  "BTFD"?

CJgipper's picture

No one told him the game has changed.  It's not longer buy low sell high.  


It's "Don't bet against the Central Bank."


Where do you put your money if not in stocks?  Bonds?  USD?  Euro?  All going down in flames.  That's why Crypto is doing well, fyi (that and chinese rehypothecation loans looking for a place to land other than Vancouver).

Bryan's picture

Exactly.  And it's really not the retail investors that are moving the markets like this anyhow -- it's the excess fiat being printed up and thrown at whatever moves by CBs and banks that's doing it.  We're all just along for the ride -- up to the top and then down in flames.  You just have to time it right.  lol

I am Jobe's picture

Don't ruin the masses so called illusion. Americans are exceptional 

Bay of Pigs's picture

Says the pimp from Pimpco.

TheNuclearGenie's picture

I don't believe this at all. These dinosaurs have been saying the same bullshit for years. I have been making a killing in the markets since 09-10 and I keep getting richer every day. Good luck betting against this market. I know the FEDs got my back. Nobodys got yours...

TheSilentMajority's picture

Indeed, the SNB, BOJ, and ECB will also be printing digital cash and buying USA equities should there be any threat of a significant pullback.

Bay of Pigs's picture

So, in 8 weeks here you're an expert on the markets from 2008-2009 onward when FASB 157 was suspended and everything became marked to fantasy? Nevertheless, you are correct, the FED ( via the ESF) is the market.

TheNuclearGenie's picture

Been reading this blog for a long time. Just never made an account...

CowboyzFan's picture

He will continue to be completely wrong...until he's right.

DownWithYogaPants's picture

And then he will be right with a vengence.

It scares me.

wcvarones's picture

Janice Henderson any relation to Florence Henderson?  Loved her in Shakes the Clown.

Monico Sailer's picture

Bill Gross is the single most corrupt and wrong market analyst. The only ones who are honest with the public are the guys from Shepwave. They are probably corrupt too but at least they are on the side of the common investor. Gross is only honest to his big money clients. 

StevieTexie's picture

Gross is old. No good anymore. Stick with the SW.  They came from GOldman but at least they are not dying. 

TradingTroll's picture

Shitwave isn't trading the volatility in Euro and oil today? Instead spamming ZH.

The only trading Shitwave does is trading ethics for Shit.

That's all the proof Shitwave needs.

xantippa's picture

Go back to your room and play. Let the adults talk. 

Creepy_Azz_Crackaah's picture

Oh, gawd... The SchlongWave spam accounts are back. What do you have, 200, plus, ZH accounts now?

SchlongWave: If you can't make money in the markets, spam the crap out of comments sections with multiple accounts, trying to get people's credit card numbers. Get a real job and move out of your Mom's basement. Maybe use your time trading instead of spamming. Oh, yeah... trading loses too much money for you.


Van G's picture

They are definitely the one most accurate. But you can tell by comments that there are very few actual traders here anymore.

Creepy_Azz_Crackaah's picture

I can see why you say that when YOU are "they." Keep spamming for a living. Trading doesn't work for you.


besnook's picture

what was that investing rule about everyone jumping on the same bandwagon on the street?

nope-1004's picture

Amazing the "returns" one can get gambling when the house can print chips at will.

Seems too good to be true.  Maybe Hugh Hendry is right, fuck it, just dive in with both hands.  lol.

Herr Deux's picture

day 227.2

George Webb is back at it, day after day.

I sent a request for Seth Rich's autopsy report two weeks ago. Still no reply.

Looks like we'll be waiting for another Judicial Watch FOIA and lawsuit to get the hard facts, but the metadata reveals quite a bit.

Hillary for Prison 2017

adr's picture

The problem is that the Fed was so successful in bidding up the market to the insiders that they forgot to check if the bag holders were buying in as well.

The bag holders never got any money to buy stocks with, so the bag holders ended up being the central banks around the world, holding trillions worth of global equities.

They can't sell their holdings without crashing the market because there are no real buyers for anything. So the only option is to keep printing and buying more shares. Until we get to the situation we have now where Central Banks start to become majority owners of corporations and there simply aren't any shares left to buy. To get more shares there will have to be mass dilution with new issuance which causes even more problems.

The game is over. The consumer is completely exhausted and can't purchase enough real goods to keep even the lowest valuation of the megacaps viable.

GoldHermit's picture

Well... the only way out I see is a great reset at some point.

Greenspazm's picture

Shit, he looks like the 200-year old zombie in the last scene of Kubrick's "2001"

The Dogs of Moar's picture

Market Risk Is Highest Since Before The 2008 Crisis"

Come on. The market risk today is the highest since the beginning of time

The Dogs of Moar's picture

Market Risk Is Highest Since Before The 2008 Crisis"

Come on. The market risk today is the highest since the beginning of time

The Dogs of Moar's picture

Market Risk Is Highest Since Before The 2008 Crisis"

Come on. The market risk today is the highest since the beginning of time

DelusionsCrowded's picture

Talking head for the NWO , hoping to make sure the sheeple are ready to bolt when the gate is opened . No one is allowed to stand in the puplic spotlight who isn't part of the system ; else they get sick .