Bill Gross Tells The Truth: "S&P Finally Got It Right. They Are Enforcing Some Discipline. My Hat Is Off To Them"

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Mon, 08/08/2011 - 01:01 | 1535819 zorba THE GREEK
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Meanwhile, London is on fire, literally. 

Mon, 08/08/2011 - 01:17 | 1535882 dark pools of soros
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Spain just raided moody's and S&P offices... yeah shit got real, real fast

Mon, 08/08/2011 - 01:22 | 1535904 bob_dabolina
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I didn't hear about Spain, but I know authorities raided S&P offices in Italy.

Mon, 08/08/2011 - 01:24 | 1535913 dark pools of soros
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my bad...  got back from long weekend and reading things crooked

Mon, 08/08/2011 - 01:32 | 1535933 bob_dabolina
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Wait 'till Italy get's upgraded to AAAA+ infinitas, then you'll start reading things crooked.

Mon, 08/08/2011 - 01:39 | 1535963 phyuckyiu
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Gold is going up a dollar a minute at the moment. Didn't bob tell us not to buy gold?

Mon, 08/08/2011 - 01:44 | 1535973 bob_dabolina
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I thought gold would sell-off several months ago, I've been bearish on silver because silver isn't like gold and I've said that several times. 

S&P downgrading the US was a game changer. That changes things in too many ways to even discuss. 

Mon, 08/08/2011 - 01:55 | 1535988 BaBaBouy
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1710.40 1711.40 Low/High 1697.20 1716.50 Change +47.00




Watch the CRAPEX open in the morn, the PAPER Commi's may have a trick up their sleeve...

Or Not ...

SILVER is confirming the rally so far.

$42. and we gonna have a big move in GOLD Imo.


AFTER ALL, Bonds are Paper, No???

Mon, 08/08/2011 - 02:01 | 1536018 BaBaBouy
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Pea Pel Ditching their BONDS (i.e. o/s Debt).


So what do you do with the Electronic Harddrive Cash???


Stocks - Nyet.

Cash  - Nyet.


Whats left is commods, Metals, Oils, and of course the other currency, Gold/Silver...

Mon, 08/08/2011 - 06:17 | 1536232 spiral_eyes
Mon, 08/08/2011 - 01:49 | 1535992 phyuckyiu
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Awww cmon bob, you didn't need the s+p to tell you the truth of what was really going on and you know it.

Mon, 08/08/2011 - 02:02 | 1536006 bob_dabolina
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I know the US isn't AAA but that is regardless. 

The downgrade will mean a major shaking of every asset class as fund managers will have to sell assets to keep up with their mandate. I use "assets" loosely because there will now most likely be an avalanche type of effect. Obviously there will need to be CB intervention which will mean massive printing of money which will push people into gold. Silver will to some extent enjoy the coattails of gold but silver is very much an industiral type metal (it's trading at the same levels from back in early April)

What's queer to me is that platinum (which is far more precious in-terms of rareness) is practically unaffected....up only $2 on October futures at the moment, while gold is popping by $63.


Mon, 08/08/2011 - 02:13 | 1536039 BaBaBouy
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Platinum is about 20X rarer than Gold, but its considered more an industrial metal hence the drag.

Cars sales could be drastically hit.


GOLD is much nicer to work with in jewelry, much better color also.

Plat is very hard to work with, and its Grey as are all other metals except............ Gold and Copper...

Mon, 08/08/2011 - 07:17 | 1536303 dellbalboa
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No, it wasnt S&P they raided, it was Moody's, but who cares right? its the two heads from the same snake.

Mon, 08/08/2011 - 01:02 | 1535822 lolmao500
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BAC is getting it right too...

Bank of America : S&P may downgrade US again in November

"We do expect further downgrades," said Ethan Harris, North American economist, on the call. "We doubt the newly appointed bipartisan commission will come up with a credible long-term deficit reduction plan. Hence by November or December we would not be surprised to see S&P downgrade the debt again from AA-plus to AA."

Mon, 08/08/2011 - 01:06 | 1535823 Spitzer
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 Japan aint AAA Billy. Nice to hear he almost has that rag out of his throte.


Physical premiums are negative on gold.

Futures price is higher then physical.



Mon, 08/08/2011 - 03:46 | 1536143 zorba THE GREEK
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Bill Gross is just lashing out because he has been losing much money shorting treasuries lately.

Mon, 08/08/2011 - 08:24 | 1536417 trav7777
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Gross has his fuckyou money in an old money portfolio full of dividends.  But he's got to get yield for all his customers to keep the funds rolling in.

That's all he wants; he wants his jew vig.  400 years of ponzi have convinced people that by virtue of having some "capital," that they are entitled to yield as if by magic.

Mon, 08/08/2011 - 01:04 | 1535828 Monetative Easing
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Bill Gross is cheering this, and yet treasuries are rallying.  Methinks this doesn't mean what he thinks it means.

Mon, 08/08/2011 - 01:42 | 1535910 Mr Lennon Hendrix
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I hope everyone ends up in Treasuries again.  That would be funny.  It would be like if we went into hyperinflation and people raided the donut shop.

Mon, 08/08/2011 - 02:40 | 1536068 MsCreant
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They did raid a donut shop (Krispy Kreme) in London last night (search Londonriots on twitter, someone posted some pics). Does this mean hyperinflation (of the waist line that is)? ;-)

Mon, 08/08/2011 - 01:06 | 1535837 Caviar Emptor
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These days 'stepping up to the plate' means admitting that the US economy  is in deep doodoo

Mon, 08/08/2011 - 01:05 | 1535838 takeaction
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Sorry for the Off topic post...very important.  You must stay out of the rain.  Tyler I hope you can break this story wide open.

Oklahoma rain as with all of the rain accross the US is very radioactive.

Mon, 08/08/2011 - 01:11 | 1535859 Number 156
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I heard this, saw the video and it seems hes detecting short range alpha radiation.

Mon, 08/08/2011 - 01:20 | 1535898 takeaction
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And?? Yes he is detecting short range alpha radiation at an extreme level as compared to the background norm.  Scroll down to "Biological effects".  I would bot be out in the rain...

Mon, 08/08/2011 - 01:25 | 1535915 Number 156
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I looked it up, It cant be alpha because it cant pass through anything, even into the sensor of that detector. It has to be Beta.

If it were gamma radiation, he wouldnt need to walk the sample up to the detector. Yeah, dont drink it. 

Mon, 08/08/2011 - 03:52 | 1536151 zorba THE GREEK
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Where does one buy radiation detecting device?  Radio Shack in my area does not carry any.

Mon, 08/08/2011 - 08:28 | 1536428 trav7777
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ZOMG...4x background.

Any coal plants within a couple hundred miles?

Mon, 08/08/2011 - 01:07 | 1535839 Number 156
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Still, one has to wonder if S&P is waiting for some kind of payoff. Thats the way the ratings game has worked for the most part. Otherwise we wouldn't have been cracking jokes about ratings agencies.

Mon, 08/08/2011 - 01:09 | 1535852 franzpick
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The 60 year fed-sponsored credit-binge has made almost everyone look good, and some, like the world's largest bond fund manager, look great.

The final credit collapse will show up the very best for what little they really are.

Mon, 08/08/2011 - 01:10 | 1535854 TruthInSunshine
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One is either part of the problem, or part of the solution.

Bill Gross is part of the structure, literally, that is the cancer that's ravaging the United States and the globe.

His hollow words do nothing to change the fact he's sold his soul for money in this life, and no one should give credence to Gross, who is just another vampire sinking his fangs into the jugular of the Ponzified corpse he has helped to create vis a vis his Tango with The Federal Reserve.

I would love to suggest 'Death Of A Salesman' for Gross's eulogy.

Mon, 08/08/2011 - 08:31 | 1536433 trav7777
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yeah, except Gross has fuckyou money now and his own island.  He ain't gonna be killing himself for the life insurance

Mon, 08/08/2011 - 01:11 | 1535858 Caviar Emptor
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Kospi down near 7% (!) 

Hang Seng down 4%

Singapore down near 5%

Mon, 08/08/2011 - 01:12 | 1535866 lolmao500
lolmao500's picture

Kospi got raped indeed. Now ``only`` down 4%...

Mon, 08/08/2011 - 01:19 | 1535893 Yen Cross
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  Who trades that wata kospi?  no volume...

Mon, 08/08/2011 - 01:12 | 1535863 European American
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Probably old news, but Blythe Masters has her own blog.

Blythe Masters

and you can tell her exactly how lovely she looks.

Mon, 08/08/2011 - 01:24 | 1535912 tyler
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Probably is right.  I don't need you to tell me to leave comments on blythes supposed website.  Hundreds have already done it and the points been made.  We don't need to look desperate.  

Mon, 08/08/2011 - 02:17 | 1536046 CompassionateFascist
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Of course the site is real. BM's a narcissistic twat. And Evil. So, if she reads the comments, she'll merely find them amusing.

Mon, 08/08/2011 - 07:30 | 1536332 dellbalboa
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God i hate that woman!, Please tell me you are joking? What do you see in her? she's an ugly ass bitch!

Mon, 08/08/2011 - 10:30 | 1536984 janus
janus's picture

she is rather cyborgish, and even a bit mannish -- and perhaps the worst skin i've seen this side of a leper colony.  oh, and she does have that sort of 'i am not a good person' vibe to her.  and she looks like she would smell of fomaldahyde.

see something; say something

Mon, 08/08/2011 - 01:13 | 1535868 chump666
chump666's picture

s&p 100% got it right!  finally 'voices' from the market are saying this debt/spending/bailout/bandaid Bull Sh*t gotta stop

Mon, 08/08/2011 - 01:13 | 1535869 Nostradumbass
Nostradumbass's picture


" I think S&P finally demonstrated some spin. S&P finally got it right."


Calling Dr. Freud... Dr. Freud are you there?

Mon, 08/08/2011 - 01:21 | 1535901 SPAREPARTS
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To big to fail and To fucked to face, inflate, devalue, spend, choose your poison, the guy in the street gets it no matter what and theirs no way out.

Mon, 08/08/2011 - 01:35 | 1535946 Die Weiße Rose
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Ja, Ich bin hier, aber der Econ ist kaputt, tot...Hirnschaden, cactus !

wie sagt man in englisch: buggered up and he died in the Ass !

next: Australia Recession ! (high AUD, shit economy)

Mon, 08/08/2011 - 10:33 | 1537016 janus
janus's picture

vat is it, swine hound?  i'm playing backgammon with hegel (the arrogant minx)...had to wait four eternities for this rematch, and i'm on the cusp of crushing his bloated ego.  so this better be good.

Mon, 08/08/2011 - 01:20 | 1535874 Milton Waddams
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Mon, 08/08/2011 - 01:15 | 1535875 Yen Cross
Yen Cross's picture

Vulcan mind "MELDS"  KIRK I am!

Mon, 08/08/2011 - 01:16 | 1535879 Yen Cross
Yen Cross's picture

 I respect your crew "Tyler" Don't let US down!

Mon, 08/08/2011 - 01:17 | 1535883 mt paul
mt paul's picture

thought the middle class

was/is the status quo...

Mon, 08/08/2011 - 01:37 | 1535885 caerus
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