I do not like the guy but you do not get to where he is by being wrong too often. He is shorting US bonds. When Gross talks, it pays to listen... FT.com Pimco manager bets against US debt
TBT now @$39 what price are you looking for by May 16th??
Higher. I do not have a target. I'm hoping to hold it for a while, even though I know 2x etfs are not good for long term.