What all these strategists have in common is they have no more way of predicting what equities will do over a year, or even a month, than anyone else. In fact, a lot of these people were expecting 2012 to be a bad one for bond fund owners--glad I didn't listen to them.
Gross can protect his portfolio to a degree but rate hikes coming off these unreal low levels will leave little place to hide. Many can recall when Greenspan came off a low and soon was hiking rates every time you turned around. It was a savage time for bond funds, and equities, too. Bernanke hopes to keep rates this low through 2013 (cross our fingers) but once he opens the flood gate, no matter how he tries to contain it, bond funds are going to get hurt bad. But if I have my money with anyone in the bond arena, it will be Bill Gross. I'm still a buyer here.