Bill Gross likes Jack Bogle, Ray Dalio and Jeremy Grantham. On the flip side, the Pimco [profile] bond fund guru doesn't like "traditional risk" and fears a coming "eagle's wings"-shaped junction in the markets. Meanwhile, investors pulled money out of Gross' gigantic flagship, Pimco Total Return Fund, for a record seventh month in a row.

Gross reveals his admiration and his fears — as well as the amazing fact that he and Bogle have never met — in his December 2013 Investment Outlook.

As Gross shares his wit and his worries, Reuters and the Wall Street Journal are highlighting the $3.7 billion in net outflows that Gross' fund suffered last month, pushing year-to-date outflows to $36.9 billion (nearly ten times the $4.97 billion that flowed out in 2011, the fund's only full year of net outflows). Yet the WSJ notes that the outflow pace has slowed, from a record of $9.6 billion in June.

As for Gross' latest monthly Investment Outlook, as per usual it's being picked up by a host of news outlets, including:

-Barron's, which posted Gross' Investment Outlook itself;

-Barron's, which also posted an article on Gross' column;

-Bloomberg BusinessWeek, "Gross Says Central Bank Cash Influx Raises Global Assets' Risk";

-Citywire Global, "Bill Gross hits out at central banks' 'desperate gamble' for growth";

-Live Trading News, "PIMCO's Bill Gross: Be Afraid, As Global Economies Increasingly At Risk";

-the Los Angeles Times, "Pimco's Gross warns easy-money policies increase global economic risk";

-MarketWatch, "The bromance between Bill Gross and Jack Bogle";

-Reuters, "Global economies increasingly at risk - Pimco's Gross";

-Seeking Alpha, "Gross: Fears lurk 'deep in the bowels of central banks'";

-a Seeking Alpha contributor, "Don't Fight Central Banks, But Be Afraid";

-the Sydney Morning Herald, "Cheap money means risk is mispriced, says Pimco boss Bill Gross";

-ValueWalk, which posted Gross' Investment Outlook;

-the Wall Street Journal, "Bill Gross: 'T' Time for Markets"; and

-Zero Hedge. 

Edited by: Neil Anderson, Managing Editor


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