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This is it? This is his strategy?

Gross: Reverse head & shoulders (yields) in all global bond markets. Necklines being broken by the hour. Bearish.

— Janus Capital (@JanusCapital) June 9, 2015

40 years in the bond business and he's reverted to doing chart patterns now. You get paid millions to trade this way? We all should be instant millionaires, then.

"Who's gonna buy them now?"

I was thinking about shorting the dollar, that is, until I saw this...

I was thinking about shorting the dollar, after all, it's had a good run. Then I saw that Bill Gross is going short the dollar and calling it his "trade of the year."

Not everyone thinks the dollar will keep on climbing. Billionaire Bill Gross of Janus Capital Group Inc. called his contrarian bet against the greenback “the trade of the year.” His short is premised on the spread between U.S. and European interest rates narrowing. Read more.

Gross has been a tremendous "fade" in the past few years and I don't think that has changed. His performance at Janus since he left Pimco has been not that great. Check it out:

On the other hand, the analysts note, Gross’s Global Unconstrained Bond Fund, flat year to date, ranks in the bottom quintile of similar funds so far this year. Its total assets slipped slightly to less than $1.45 billion at the end of February from more than $1.46 billion at the end of January, data compiled by Bloomberg show. The fund also has a flat return since Gross took it over in October, ranking it almost exactly in the middle of the pack compared with similar funds, according to data from Morningstar Inc.

So, probably no dollar rally for at least a while. I do think that the euro will hit parity against the greenback. Euros are definitely not getting "harder to get."

I'm taking bets on how long Bill Gross lasts at Janus

I am taking bets as to how long Mr. "Who's gonna buy them now" remains at Janus. (How long Janus will have him, that is.)

As if right on cue, Gross pens his investment outlook on the Janus website right at the moment when every asset market was hitting rock bottom. Gross said that when 2015 is done there will be "plenty of negative signs in front of returns for many asset classes."

 Let's face it, Gross is as cold as ice. One of my most effective trading strategies back in my days when I was a floor trader was to fade the guy in the pit who was cold. All the savvy floor traders knew of this tactic.

 And no one has been colder than Gross.

 Who knows? I could be wrong. Maybe the Republican controlled Congress bails out Gross's bearish bets by not raising the debt ceiling in March. But I'm even starting to think that's not going to happen either. Bill Gross...I give him 10 months at Janus. Then he'll be out; working for some no-name hedge fund.