Biotech Values

[DewDiligence]

Bill Gross (to no one's surprise, I guess) is buying bonds again.

If Bill Gross didn’t buy bonds, he would have to retire or get a new job :- )

FWIW: I have some family money invested in an intermediate-duration muni-bond fund, which I would certainly have sold by now if not for the tax hit* on the unrealized gain. Today’s FOMC meeting makes me slightly more comfortable holding this fund than I was before the meeting, but I still consider it a risky proposition.

*Curiously, some people think capital-gains taxes don’t apply on sales of munis and muni funds; they do!