Pimco's Bill Gross Hints at European Contagion Spreading to US, Sell Today's Rally

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In a
tweet
today, Bill Gross of Pimco sarcastically states today is THE "Santa Claus rally". Gross highlights Europe's and China's problems still exist and will not go away any time soon. He concludes by stating the United States is not an island, hinting at the fact, when European problems continue to grow, they will negatively affect the United States' economy. Currently, broad U.S. equity indexes are trading well over 2.5% higher.

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Posted In: NewsFuturesCommoditiesMovers & ShakersForexGlobalEconomicsMarketsGeneral
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