The moment I’m referring to here is what I call the rant heard round the country, a beautifully passionate, emotionally clear yet philosophically penetrating outburst by CNBC reporter Rick Santelli.
Despite the aggregate decline in the Dow, there still are a few industrials trading to the plus side.
Do you remember the worst Christmas present you ever received?
After a little soul searching, I came up with the following unsolicited tidbits of wisdom.
Bill Gross is arguably one of the most successful money managers in the world. The founder and chief investment officer of the world’s largest bond fund, Pacific Investment Management Co. (PIMCO), is a billionaire, and he’s made his money by expertly helping investors successfully allocate money to the bond market.
Headlines on Wall Street, Washington and throughout America have focused understandably on the government shutdown and the pending debt-ceiling deadline.