Bill Gross told investors this week to
Beware the Ides of March,
or the Ides of any month in 2015 for that matter. When the year is done, there
will be minus signs in front of returns for many asset classes. The good times
are over.
Gross is the legendary bond fund manager who left the company he founded, PIMCO, for a job as a portfolio manager at Janus Global Unconstrained Bond Fund, so most people pay attention when he writes. The prediction came inside the January Investment Outlook for investors. But for the mainstream financial media, he might was well have expelled foul smelling gas at a crowded party. The media quickly pointed out how contrarian his forecast is. For example, the Bloomberg reporter wrote:
