Why the Markets Gapped Up

There's all kinds of stories out there, the Fed meeting starting, the elections, I believe this is the real reason ...

5-min chart of EUR/USD -the red arrow is where the stock market closed yesterday, the Euro has put on a strong showing last night and here's the reason why....

PIMCO's Bill Gross article released last night....


The question remains though, if Bill believes this, why is he going on margin to buy up MBS and not on margin to buy equities?


This wouldn't be the first time we've seen big shot fund managers releasing news to move the market in their favor, the question is, "Is that what Bill is doing?" which might just have the opposite effect when all comes to pass as BILL IS SEEMINGLY VERY WELL CONNECTED AT THE FED.