MarketFoolery: 04.11.2011
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 11 April 2011
⏱️ 13 minutes
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Summary
The world's biggest bond fund manager makes a big bet against Uncle Sam. Wal-Mart bets that greater supply equals greater demand. And an online video company in China hits it big with investors.
Transcript
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| 0:00.0 | It's Monday, April 11th, and this is Market Foolery. |
| 0:05.0 | I'm Chris Hill and joining me in studio today from Motley Fool's stock advisor, Jason Moser, |
| 0:09.2 | from Inside Value, Joe Maker, and from Motley Fool Global Gaines, |
| 0:13.0 | Tim Hanson. |
| 0:13.6 | Guys, happy Monday. |
| 0:14.8 | Thank you, Chris. |
| 0:16.0 | We will look at Walmart's new business strategy |
| 0:18.5 | and the battle for online video supremacy. |
| 0:21.6 | But before we talk about stocks, we're going to start with bonds. |
| 0:26.0 | Last month, guys, we talked a little bit about Bill Gross, who manages the PIMCO Total Return Fund, |
| 0:31.7 | this is the world's biggest bond fund and we talked about how |
| 0:35.1 | Gross revealed that he was selling his US Treasuries. Reuters is now |
| 0:39.5 | reporting that this fund is now shorting treasuries. |
| 0:44.0 | Joe Maker I will start with you. |
| 0:45.7 | Bill Gross, when you look at the guy's track record, he has outperformed the benchmark index |
| 0:50.8 | for the past decade, so he's right more often than he's wrong. What was your |
| 0:56.8 | reaction first when you saw this story? Well I'm still not over that Bill Gross |
| 1:00.6 | shaved his mustache which was the best in the industry. |
| 1:04.7 | Around the time he shaved it, he started moving a little more bearish on the dollar and |
| 1:08.6 | interest rates. |
| 1:09.6 | So saying the two are correlated? |
| 1:10.8 | I think, well, I think if people will get a chart it's very clear. |
... |
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