Unconstrained strategies, alternative assets and stocks will be flexible choices in a dynamic future environment. We want to continue managing them for you. But don’t give up on bonds. Flexible bond managers can adapt as well. PIMCO will not go down at the Somme.
Man, you know your job is tough when you write up a big, manic impassioned plea to your clients trying to convince them that they're NOT
about to walk into a hail of machine gun fire.
On the one hand, he seems like he's imagining himself as Houdini when he's really just on the 3rd stage of grief--bargaining.
On the other hand, what else can he say? Nothing he said was wrong, and he is doing his best to give good advice for a sector that is about to enter stormy waters.
frick it. I like him. He's doing the best he can with the hand he's got right now.