Bill Gross goes big in cash
He probably does not expect QE3.
I find it funny how Tyler Durden says the end of QE means to run like hell from stocks and bonds....why doesn't he mention precious metals? Wouldn't they get crushed by the end of QE? Biases can lead to stupidity.
I expect more QE, but he knows better than I do. If you expect yields to rise though, being high in cash doesn't seem like the greatest thing to do either.