The Good Times Are Over, Says Bill Gross

Bill Gross is ushering in the New Year with some especially bad news, warning that the market will turn on the 15th of, well of one of the months of the year. While most investors are wondering when the Fed’s first rate hike will be announced, Gross is looking at much longer trends and doesn’t like what he sees.

“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,” writes Gross, who knows better than to make exact predictions for anything related to the market.