Today on CNBC, I caught Bill Gross's analysis of the Fed's announcement of QE2. Around 11:00 at the video if you want to watch the whole thing.
"To your question of selling or buying treasuries - I think for the most part those that should have bought them have bought them already and that would include PIMCO and that we would be looking forward to "handing them off" so to speak as we accelerate towards that outer orbit."
As we used to say on the trading desk: Sold to you, Sucka.
-KD
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