Bill Gross, I hope you are listening.
| Today, the Treasury did their first post-QE2 3-year note auction that went off AT THE LOWEST INTEREST RATE OF ANY 3-YEAR AUCTION SINCE THE BEGINNING OF THE QE2. |
Thank you, Matt Franko!
Matt Franko is a frequent contributor to this blog.
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4 comments:
dear mike, apparently bill heard you.
http://www.cnbc.com/id/43733676
About ten years ago I wasted my money on a book Bill Gross wrote. I still have it and when I find where I put it, I promiss I will throw it in the trash.
SR: Hahaha! He was buying even as he was tweeting, "Who's going to buy them now?"
What a twisted guy.
"SR: Hahaha! He was buying even as he was tweeting, "Who's going to buy them now?"
Wait, what...is he a maniac or is the SEC really that slack? How is that not a 10b-5(b) violation?
"It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce [and tweeting qualifies]... To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading... in connection with the purchase or sale of any security."
http://en.wikipedia.org/wiki/SEC_Rule_10b-5
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