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WMPT Nightly Business Report August 8, 2013

Higher by 15. In the bond market, an Important Message today from bill groves founder of pinco the Worlds Largest bond fund company. He says Bond Investors are in a quote bloody war right now n. A message laced with references to the world war i battle, gross defended bonds as a class for investors, something he emphasized in an interview today. Going forward were talking about a substantial universal of investors that need fixed income. The boomers require fixed income. Pension funds, insurance comp y companies with lieblabilitiesli. It wont disagree. Smart bond fund managers, including him is can protect capital and grow it in a world of rising interest rates. Its been a rough couple months for Bond Investors and pinco. The flag ship total return fund is down a ....

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