In 2011, he famously called for an exit on Treasuries.
In 2012, he called the "cult of equities dead."
In 2013, he said stocks would be low 4-5% single digit returners.
In 2011, Treasuries continued to run far higher, prompting an apology from Gross to his clients — many of whom he had taken out of Treasuries and for whom he'd caused tremendous underperformance.
In 2012 equities ran up sharply in 2012, with the S&P 500 finishing the year 13.41% higher than when it started.
In 2013, adding insult to injury, the S & P had its best year in 16 years!!!
Thanks for sharing this post and YES....Bill is not a dummy. He's one of the smartest speakers I've ever seen....but.......... he hasn't got the best crystal-ball predictions record :-/