The tweet that turned the market

Posted on September 4, 2012 by macromon

Bill Gross was credited for turning the market around today with the following tweet:

PIMCO ‏@PIMCO
Gross: Draghi appears willing to write 2-3 year “checks” to peripherals. Very reflationary. Buy gold, TIPS, real assets.

Talk about nervous shorts!

(click here if chart is not observable)

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