A 70-year-old man put on sunglasses, and the Twitter crowd went wild.
That man, of course, was PIMCO leader Bill Gross, speaking at the Morningstar Investment Conference in Chicago and propelling the gathering’s hashtag, #MICUS, into the Trending Topics list — a rarity for a wonky financial confab.
Meanwhile, Team U.S.A. advanced in the World Cup. U.S. Soccer helpfully provided a get-out-of-work note for fans who wanted to watch the U.S. vs. Germany game, while those who weren’t so lucky (or so gutsy) followed the play-by-play on Twitter.
Along the way, money coach Michal Bodi had words of advice for market timers, Morningstar speaker Clifford Asness coined a hashtag for politicized, outrage-mongering journalists, and Reuters reporter Suzanne Barlyn had some frustrating issues with Google search.
On General Economic Topics
— MichaelKitces (@MichaelKitces) June 19, 2014
Only reason the market is going up is a gradually improving economy, low rates, solid earnings growth, rising confidence and buybacks. Scam.
— Downtown Josh Brown (@ReformedBroker) June 30, 2014
Google doesn’t know FINRA lingo too well. When I Google “OATS” I get Quaker Oats. For “blue sheets” I get, well, blue sheets.
— Suzanne Barlyn (@SuzanneBarlyn) June 6, 2014
June is statistically the worst month to ‘time the markets’. Other bad months are Sep, Mar, Nov, Jan, Dec, Oct, Feb, Apr, Aug, May & Jul.