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Bill Gross: Enjoy The Santa Rally - The Hangover Is Coming As "US Is Not An Island"

Tyler Durden's picture


Just tweeted from the bond titan who is getting more and more concerned about those asset management fees in a world in which fixed income is increasingly becoming risk free, courtesy of central planning, until Gresham's law unwind destroys everyone.

Source: Twitter


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Tue, 12/20/2011 - 14:03 | 1998112 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bill Gorss is confused, bitchez

Tue, 12/20/2011 - 14:08 | 1998140 4realmoney
Tue, 12/20/2011 - 14:16 | 1998167 TruthInSunshine
TruthInSunshine's picture

The Bernank just tweeted back to Gross.



The Bernank




U.S. may not be an island, but Jekyll Island IS. I <3 Jamie Dimon.

Tue, 12/20/2011 - 14:17 | 1998185 WonderDawg
WonderDawg's picture

This rally might last through tomorrow, but I have a feeling it's a big head fake. Could be wrong, which is why I'm holding off on placing any bets. Maybe it lasts all week, but when it shows signs of exhaustion, load the puts because the next leg down is going to be a sight to behold.

Tue, 12/20/2011 - 14:23 | 1998220 Don Birnam
Don Birnam's picture

Record cold winter ? 

And the PIMPCO chief knows this, how ? Does Gross have access to material insider information at the Old Farmer's Almanac ?

Tue, 12/20/2011 - 14:32 | 1998263 hambone
hambone's picture

would guess one should look for S&P 1260 (likely tomorrow?) and retest of 200dma before placing a bearish bet (if so inclined)???

Tue, 12/20/2011 - 15:05 | 1998380 NotApplicable
NotApplicable's picture

Hey, we're talking about the weather, here.

Maybe Gross has an inside line with the HAARP kids?

Tue, 12/20/2011 - 14:33 | 1998269 vxpatel
vxpatel's picture

does gross have inside info? no dipshit his info is all publicly disclosed, like everyone else that manages a trillion dollars...


Tue, 12/20/2011 - 14:37 | 1998283 Oh regional Indian
Oh regional Indian's picture

vxbhai, he is talkiing sarcastically about the solstice and the almanac that marks such things for farmers...


Tue, 12/20/2011 - 15:37 | 1998518 vxpatel
vxpatel's picture

sorry...i sit corrected...

Tue, 12/20/2011 - 14:58 | 1998362 Uber Vandal
Uber Vandal's picture

Maybe he just read the Shape Of Things To Come Report by Clif.

It did mention similar themes, once you get past (the babbling) and [the brackets] after every four words.

Tue, 12/20/2011 - 14:37 | 1998284 HarryM
HarryM's picture

Hope you're right - but market not based on reality - DOW 12800+ by end of year - 

Obama ain't going down easy


Tue, 12/20/2011 - 14:52 | 1998335 WonderDawg
WonderDawg's picture

You could be right, but I doubt it. If you are right, what a great opportunity to get in position for the next leg down. Only thing to do is stay nimble and let the rally play out.

Tue, 12/20/2011 - 17:12 | 1998901 clymer
clymer's picture

haha awesome

Tue, 12/20/2011 - 14:08 | 1998143 Oh regional Indian
Oh regional Indian's picture

Soooooo, what is the ZH cynic brigade going to say when Bill Gross says Solstice is upon us?

Aiieeeeee, it's the work of the devil pagans.....

See, billionaires follow such stuff. Assiduously actually.

And yes, the storm IS already here, we are just in the eye.

or eye


Tue, 12/20/2011 - 14:12 | 1998161 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

His twat "followers" are sure to slit the throat of a goat tomorrow in the name of the all mighty money tree

Tue, 12/20/2011 - 14:20 | 1998197 Oh regional Indian
Oh regional Indian's picture

Blood of the earth, blood for the earth. Rather strange.

And for all the literalist christians out there, Jesus was not a real person. HE never walked upon the earth. 

Google astro-theology

Google Jordan Maxwell

Google Santos Bonnaci

I can ASSURE you your world will NEVER be the same again.

Caveat Emptor. Bound to blow your mind.

you can thank me later.


Tue, 12/20/2011 - 14:26 | 1998235 clones2
clones2's picture

You forgot to Google "Horus" and "pagan mystery religions" ;-)

Tue, 12/20/2011 - 14:28 | 1998243 Oh regional Indian
Oh regional Indian's picture

Indeed. Fro an image of Horus, from my terrace, please see:

Tue, 12/20/2011 - 14:29 | 1998242 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Well, here's the thing, ORI:  There were many men back then who claimed to be prophets.  The biblical Jesus is a composit of them, litterally or figuratively, take your pick.

What matters most is what was done to those teachings of the prophets, by the Establishment.  When you read the bible, you must note the wisdom.  Yet there is a lot washed out, missing, and some things put in that don't belong.  Personally, I think it is best to take religion with a grain of salt, but there is still much to gain from the biblical stories.

Stories and myths, after all, seem to be all we have left in this mad world.

Tue, 12/20/2011 - 14:30 | 1998257 Oh regional Indian
Oh regional Indian's picture

All too true Mr. LH.

Please check out

I can assure you of a paradigm shift in your thinking.


Tue, 12/20/2011 - 14:43 | 1998303 jcaz
jcaz's picture

Naw, I'll pass on clicking onto any of your links, freakshow.....

Tue, 12/20/2011 - 14:45 | 1998314 Oh regional Indian
Oh regional Indian's picture

Looks like you are yet to step out of the mental basement jcaz. And that was for LH anyways.

It's okay, sleeping through life works well for some people.


Tue, 12/20/2011 - 15:19 | 1998442 Reese Bobby
Reese Bobby's picture

It is not yet too late for your poor lost soul.

Tue, 12/20/2011 - 15:31 | 1998494 Reese Bobby
Reese Bobby's picture

And congratulations...I think you found the Zodiac killer.

Tue, 12/20/2011 - 16:58 | 1998837 SAT 800
SAT 800's picture

Oh, go fire up a cow patty and fry yourself some locusts you freak.

Tue, 12/20/2011 - 18:51 | 1999181 Pbn2Au
Pbn2Au's picture

@ORI Since you seem to (1) like stars and (2) have an open mind, spend a little bit (from amazon) and check this out...

Tue, 12/20/2011 - 14:51 | 1998331 clones2
clones2's picture

I can see how applying mathematics to our universe, solar system, and own cycles of the planet is a waste of time. /sarc

Very valuable comment you posted as well...

Tue, 12/20/2011 - 15:39 | 1998533 vxpatel
vxpatel's picture

yes links are scary terrorist devices...


Tue, 12/20/2011 - 16:21 | 1998696 quacker
quacker's picture


The first ever mention of Jesus completely outside the Bible in secular history is by a Roman historian who was in Jerusalem in the 60's A.D, around 30 years after the time Chistians believe he died on the cross. The reference was to an execution of someone listed as a family member who refused to recant his adherence to Jesus as the Messiah.

Many more such executions start showing up in secular history around this time, as does the founding of the early church. A time when people who would have remembered Jesus in person were sill alive.

So some went to their deaths refusing to recant, and others built a church all around a composite? 


Tue, 12/20/2011 - 20:31 | 1999447 old naughty
old naughty's picture

Thank you.
Hope this is later already. HeHeHe.

Tue, 12/20/2011 - 14:16 | 1998172 Mercury
Mercury's picture

I think he's trying to say that our (US) darkest days are just around the corner.

Tue, 12/20/2011 - 14:18 | 1998191 Potemkin Villag...
Potemkin Village Idiot's picture

Technically... The solstice is the point where things start going the other way... So in this instance, the "darkest days ahead of us reference would only apply to the Southern hemisphere...

Just saying...

Tue, 12/20/2011 - 14:21 | 1998203 CPL
CPL's picture

That's my understanding as well.

Tue, 12/20/2011 - 14:25 | 1998227 Randall Cabot
Randall Cabot's picture

Unless he's referring to the next two days, after that the days get longer.

Tue, 12/20/2011 - 16:29 | 1998734 falak pema
falak pema's picture

did u say loooonger? thats good for my xmas appetite, give unto others; a long drawwwwn swig of pinot noir.

Tue, 12/20/2011 - 14:22 | 1998210 Oh regional Indian
Oh regional Indian's picture

But the light returns only on 21st march. Till then, the Sun is still technically in the Darkness for the Northern Hemisphere.

Spring Equinox is the time to celebrate.

This is the time to hibernate.

Let the bulls have at it.


Tue, 12/20/2011 - 14:31 | 1998259 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bulls?  You mean fish  ;)

Tue, 12/20/2011 - 17:00 | 1998845 SAT 800
SAT 800's picture

Jesus, I wish your mother hadm't given you a keyboard for your birthday. Typing is so much easier than thinking; and then there's studying reality, oh; perish the thought.

Tue, 12/20/2011 - 17:20 | 1998939 clymer
clymer's picture

It will start getting lighter after December 21st (shortest day of the year). ORI - you know this, c'mon

Tue, 12/20/2011 - 14:27 | 1998230 Mercury
Mercury's picture

It doesn't sound like he thinks that the macro-gloom will begin to lift by the day after tomorrow.

Tue, 12/20/2011 - 14:20 | 1998200 CPL
CPL's picture

It's just the winter solstice, it's the marker for the end and the beginning of the cycle of nature.


If you are a new age pagan though it pretty much could mean anything from barnacles on boats to bad markets.

Tue, 12/20/2011 - 14:30 | 1998252 baby_BLYTHE
baby_BLYTHE's picture

The Tribe ain't goona allow equities to crash during their 8-days of magic and lights that begins at sundown tonight

Tue, 12/20/2011 - 14:32 | 1998262 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

They love spilled blood.  Haven't you read their book?

Tue, 12/20/2011 - 14:36 | 1998279 hambone
hambone's picture

Around the corner???  only problem w/ that reference is that it's a circle and that darn corner always does seem just out of reach...PTB will decide time and place, no need to worry our pretty little heads bout this....

Tue, 12/20/2011 - 14:18 | 1998189 JPM Hater001
JPM Hater001's picture

Yes, tomorrow will indeed be a long and dark day.

Tue, 12/20/2011 - 14:29 | 1998250 Oh regional Indian
Oh regional Indian's picture

The red arrow folk do not know basic planetary dynamics it seems.

Tomorrow IS the darkest day, the longest night.


Tue, 12/20/2011 - 14:39 | 1998295 Potemkin Villag...
Potemkin Village Idiot's picture

Tell that to the penguins in Antarctica...

Tue, 12/20/2011 - 14:09 | 1998146 gringo28
gringo28's picture

now he's just talking his book. unfortunately, he's now about as credible as any other talking head on TV.....actually, it's worse - he's a contrary indicator.

Tue, 12/20/2011 - 14:12 | 1998163 GeneMarchbanks
GeneMarchbanks's picture

That is OK because Bill Gross is dead on. China lurks. Kyle is also dead on when said that the idea was to import products but not import the wages. Well, that was a big boo-boo now wasn't it?

Tue, 12/20/2011 - 15:36 | 1998513 Translational Lift
Translational Lift's picture

Billy Boy talking his book again!!??

Tue, 12/20/2011 - 15:47 | 1998566 BalanceOrBust
BalanceOrBust's picture

Somebody's treasuries are hurting!

Tue, 12/20/2011 - 14:04 | 1998115 He_Who Carried ...
He_Who Carried The Sun's picture

Who is this?

Tue, 12/20/2011 - 14:06 | 1998130 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bill sounds manic.  I can see him in his room smoking a huka, laughing hysterically about the end of the Fiat Ponzi, clutching his stamp collection.

Tue, 12/20/2011 - 14:08 | 1998141 Captain Kink
Captain Kink's picture

Great image, thank you!

Tue, 12/20/2011 - 14:09 | 1998149 He_Who Carried ...
He_Who Carried The Sun's picture

His Bosses back in Munich, Germany, should've fired him a while ago!

Tue, 12/20/2011 - 23:08 | 1999906 chump666
chump666's picture

hahahahaha that is an awesome comment. 

Tue, 12/20/2011 - 14:04 | 1998116 Oztralian
Oztralian's picture

Far too much credence being given to Billy by ZH recently

Tue, 12/20/2011 - 14:07 | 1998134 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bill is working it out, albeit slowly

Tue, 12/20/2011 - 14:10 | 1998155 Captain Kink
Captain Kink's picture

He has been telling like it is (albeit a watered-down version) for a while now.  He missed the Treasury trade this year, but for the right reasons, he was just very early.

Tue, 12/20/2011 - 14:13 | 1998166 hedgeless_horseman
hedgeless_horseman's picture



...he was just very early.

You don't know the power of the dark side!


Tue, 12/20/2011 - 14:05 | 1998122 myshadow
myshadow's picture

Gross is right.

cramer creamed in his shorts this morning. This is a mirage with tinsil and ribbons.

Tue, 12/20/2011 - 14:10 | 1998151 SimpleandConfused
SimpleandConfused's picture

CNBC is fun to watch when we have these huge gap up runs in the market.  It is like financial porn what with Cramer and Pissani having literal orgasms on the air!  Wonder when we'll see the money shot?

Tue, 12/20/2011 - 14:07 | 1998126 Potemkin Villag...
Potemkin Village Idiot's picture

"US Is Not An Island"

 But I thought most banana republics were, in fact, islands...

Tue, 12/20/2011 - 14:06 | 1998127 old naughty
old naughty's picture

you mean confusing, don't you?

Tue, 12/20/2011 - 14:09 | 1998145 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Short USTs, then long USTs.  Short MBS, then long MBS.  Short cash, then long cash.  His fund has under performed the market every turn for over a year.  Now he is basically giving up, and twatting more than Kimmy K. about it.

Tue, 12/20/2011 - 20:13 | 1999412 old naughty
old naughty's picture

Senile ole man...

Tue, 12/20/2011 - 20:14 | 1999413 old naughty
old naughty's picture


Tue, 12/20/2011 - 14:07 | 1998131 Ralph Spoilsport
Ralph Spoilsport's picture

"Prepare 4 record cold winter"


Half your firewood and half your hay,

should still remain by Candlemas Day.



Tue, 12/20/2011 - 14:21 | 1998204 s2man
s2man's picture

Thanks, Ralph.  Reminded me I need to order some more firewood.

Solstice?  Where is that psychic who said we'll have an apolcolyptic event on the solstice?

Tue, 12/20/2011 - 14:23 | 1998218 JPM Hater001
JPM Hater001's picture

That was me.  I turned the tarot cards and came up with darks day ahead.

Everyone else just interpreted it.

Still think I will be proven right.

Tue, 12/20/2011 - 14:07 | 1998132 SimpleandConfused
SimpleandConfused's picture

Rally indeed.  Seems no matter the news, those October lows just sit there like a line in the sand.

Sand.  Good analogy for how firm this market's foundation appears to be.

Tue, 12/20/2011 - 14:08 | 1998139 Snakeeyes
Snakeeyes's picture

Thanks Bill for the Merry Christmas!

And when I attended the PIMCO meeting recently, I told you that housing starts would continue to sink. Well, HERE YOU GO!

1 Unit Housing Starts Actually FELL -11.25% in November NSA, Not Rose

Tue, 12/20/2011 - 14:09 | 1998147 GOSPLAN HERO
GOSPLAN HERO's picture

"Whoever controls the volume of money in any country is absolute master of all industry and commerce." -- James A. Garfield, President of the United States

Tue, 12/20/2011 - 15:31 | 1998492 SwimmininNawlins
SwimmininNawlins's picture

"Odie, let's talk effort versus return here. You know, you can still lead a pointless life without all that running around."  -- Garfield the cat

Tue, 12/20/2011 - 14:12 | 1998164 LeBalance
LeBalance's picture

Bill "Insider" Gross talks counter to his hole cards.

/springs his new position, just in the nick o time/

Well !!  what a smart dude.  In hindsight he had it right in his hand.

/what a bluffer!/

actually he's a fluffer, just like Uncle Warren.

Tue, 12/20/2011 - 14:20 | 1998201 GeneMarchbanks
GeneMarchbanks's picture

You have it wrong. Munger is the fluffer.

Tue, 12/20/2011 - 14:33 | 1998267 LeBalance
LeBalance's picture

lol, for his nice Uncle.

Warren goes down on high in the City.

Tue, 12/20/2011 - 14:16 | 1998173 DormRoom
DormRoom's picture

the market is mostly HFT noise.  You have no idea when bots will pull liquidity, or withdraw liquidity to ETFs, pushing markets lower.

ICI data indicates retail are getting out of equities.  So it's mainly bots & whales playing for pennies in front of a steam roller, which if it comes, retails get wiped out, but whales & bots get bailed out.




Tue, 12/20/2011 - 14:22 | 1998213 spekulatn
spekulatn's picture

Considering where we are positioned on the calendar with the majority of money managers underperforming the indices by a wide margin - the prospects of a massive squeeze into the New Year is a very real possibility. 

Underperforming the indices by 10%, rather than 5% is all the motivation they will need to blindly chase the market here.

Tue, 12/20/2011 - 14:17 | 1998184 youLilQuantFuker
youLilQuantFuker's picture

Makes you think doesn't it?

It sucks to have to do stuff like thinking.

Tue, 12/20/2011 - 14:22 | 1998211 s2man
s2man's picture

Granny: Why don't you think?

Jethro: I tried it once.  It hurts!

Tue, 12/20/2011 - 14:18 | 1998188 unionbroker
unionbroker's picture

Did i miss something ? Dow up 300 because of Santa Clause ?

Tue, 12/20/2011 - 14:21 | 1998207 JPM Hater001
JPM Hater001's picture

I thought the US was a waffle iron.

Tue, 12/20/2011 - 14:26 | 1998233 ebworthen
ebworthen's picture

Gold and oil getting ramped right back up.

Screaming cotton candy rally in equities; either short covering or building apartments because people can't buy is a good thing.

Tue, 12/20/2011 - 14:30 | 1998256 DavidC
DavidC's picture

I'd like to know when these rallies stop.

We had the ridiculous down-up-down-up in August, massive rally in October (supposedly normally the worst month of the year), the worst Thanksgiving week since the 1930s followed by a massive rally the following week, and now a 360 point move up from last night's low just before the close.


Tue, 12/20/2011 - 14:34 | 1998270 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

What's old is new again

Tue, 12/20/2011 - 14:40 | 1998297 digitlman
digitlman's picture

The market is bullshit.


Fuck em.

Tue, 12/20/2011 - 14:44 | 1998310 hambone
hambone's picture

No, market is reality. 

It's justice, law, and equality that are bullshit.

Tue, 12/20/2011 - 16:11 | 1998619 Falcon15
Falcon15's picture

The market is reality if your reality is dropping a hit of acid every 4 hours after downing a pint of whiskey. It decoupled from reality in 08. Now it is the banksters manipulating the sysem to give themselves as much time as possible before the inevitable. It is inevitable.

Tue, 12/20/2011 - 17:26 | 1998953 ironmace
ironmace's picture

We've been waiting for the inevitable a long time... it's always right around the corner...

TPTB can keep the farce going a long time. Longer than you think.

It's not going to be "ahhh, here's the disaster we've been waiting for and expecting!!"

What's coming? Who really knows?

Tue, 12/20/2011 - 14:41 | 1998300 PulauHantu29
PulauHantu29's picture

What a worry wart Bill is. "Everything is fine" I just heard on CNN ...

...right before I saw the police gunning down a few dozen protesters in Cairo....also on CNN...


Tue, 12/20/2011 - 14:43 | 1998304 Ned Zeppelin
Ned Zeppelin's picture

"Gee, we've got to defend ourselves against these attacks!  I mean, sure some of us are crooks and creeps, but gosh and golly, most of us are pretty darn nice when you get to know us. Not that you ever would, mind you."

there is no way today's rise in the US equities market has to do with that phony read between the lines and you'll understand this is not news headline about housing.  Christ this is exhausting some days. 


Tue, 12/20/2011 - 14:47 | 1998319 Ned Zeppelin
Ned Zeppelin's picture




Tue, 12/20/2011 - 14:49 | 1998324 Mark123
Mark123's picture

All this market manipulation just to save BAC from the sub-$5 stigma. I still think she lost her virginity yesterday, and there is no getting that back.


As I understand it, the excuse for the ramp is that banks can borrow unlimited money from ECB.  Good thing the world does not already have a debt problem!

Tue, 12/20/2011 - 14:50 | 1998329 Jlmadyson
Jlmadyson's picture

Where are you hiding Mr. S&P? This market has all the craziness that folks know something nasty is coming.

Tue, 12/20/2011 - 14:51 | 1998330 rosiescenario
rosiescenario's picture

Perhaps someone here (more skilled than I) could do an overlay plotting the market this year against the mood swings of an average person suffering from bipolar disorder? Is there a correlation?

In a similar vein, has anyone noticed whether or not the amplitude of the market's mood changes is becoming larger? Is the frequency becoming higher? Or is it 'depressed' so to speak?

Tue, 12/20/2011 - 15:26 | 1998474 jomama
jomama's picture

that's an extremely complicated data set, and even semi-solid numbers would be subject to scrutiny.

this is assuming you weren't being facetious. 

Tue, 12/20/2011 - 14:59 | 1998365 PulauHantu29
PulauHantu29's picture

I did liquidate a tad today to get ready for the Apocalypse.

Tue, 12/20/2011 - 15:24 | 1998461 rmsnickers
rmsnickers's picture

If I wanted to follow Bill Gross on Twitter...I would follow him on Twitter.  WTF Tyler?

Tue, 12/20/2011 - 15:24 | 1998463 jomama
jomama's picture

isn't it obvious people in these positions tweet only to run interference? 

Tue, 12/20/2011 - 15:56 | 1998592 I should be working
I should be working's picture

The last Gross tweet I remember was in July when he predicted treasuries would collapse once QE2 ended.  He's a smart guy, but timing the market isn't his strong suit.

Tue, 12/20/2011 - 15:56 | 1998594 I should be working
I should be working's picture

The last Gross tweet I remember was in July when he predicted treasuries would collapse once QE2 ended.  He's a smart guy, but timing the market isn't his strong suit.

Tue, 12/20/2011 - 17:03 | 1998854 SheepDog-One
SheepDog-One's picture

Well, QE2 never did end, its been extended under the table like mad since then when they could not announce QE3, but did it anyway in secret.

Tue, 12/20/2011 - 16:16 | 1998673 TheHillrat
TheHillrat's picture


You can't beat the market. BAC above $5, FAZ Down 11%. The market says "Screw You, Merry Christmas, Bitches!"

Tue, 12/20/2011 - 18:07 | 1999095 Incubus
Incubus's picture

need a christmas rally, ffs.  christmas is the most sacred corporate holiday of the year; you don't fucking acknowledge any bears, or reality, on this holiday.  Things must be on on the up because people expect it. 


Things will continue until it breaks--catastrophically.  There'll be more than just pain, then.

Tue, 12/20/2011 - 20:38 | 1999461 ToNYC
ToNYC's picture

PIMCO is TBTD (Too Big To Dance)....a law of gravity has blown up their business model.

Tue, 12/20/2011 - 21:29 | 1999599 knukles
knukles's picture

Q:  Who the fuck writes this stuff for Gross?
Like, does he sit on his ass composing these tweets all day? 
Or somebody does it for him? 
Do they need his and Mohammed's approval?
Who even thinks anybody who tweets deep financial thoughts is erudite, informed and insightful?
It's bush league.
While this guy and his firm are suppposed to be in the Majors.
It disgusts me that anyone couild be so pompus to assume that their professional opinion is worth a tweet. 
Cognative dissonance personafied, a truly Qzymandic moment.

Tue, 12/20/2011 - 21:54 | 1999684 algol_dog
algol_dog's picture

I don't listen to men with bad comb overs. If he can't accept the reality that he's going bald how can anyone accept the reality of his judgements regarding the markets?

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