Naaahh....this is just the warmup. The fat lady ain't really sung yet. Wait until we get the -5%+ daily declines.
Skidmark, I mean skiidady, almost never shows up anymore. He seems to be semiretired. His appearances are now rare and special, and often come before severe market breaks.
For all you know, I could have an chateau in the Loire Valley. Anyone claiming to have a $3.2 million condo Phil on yahoo finance is probably a blowhard.
So far silence.
CNBC said Gross will make a statement later today. The dude didn't even give 2 weeks notice--but he helped found Pimco so I guess he doesn't have to. So of the Pimco funds are down sharply today.
Gross was one of the founders of Pimco. The premarket price for JNS is way up on the news.
Of course then again it may be. Haven't had one of those for 6 years.
Even a 10% correction in the SP500 takes SPY down to the low 180s. SP500 stocks are heavily exposed to a strong dollar, so earnings may be weaker than expected. SP500 may decline more than the other indexes over the next few weeks.