Gross: Markets in ‘Eye of the Hurricane’ After Greece Vote
(Bloomberg) -- Bill Gross, who runs the Janus Global Unconstrained Bond Fund, talks about the Greek debt crisis, the likelihood of an exit by the country from the euro area and trading opportunities as a result of the situation. Gross, speaking with Erik Schatzker and Guy Johnson on Bloomberg Television's "Bloomberg Markets," also discusses investment strategy for Chinese stocks. (Source: Bloomberg)
Bill Gross, manager of the Janus Global Unconstrained Bond Fund, said Greece is in “the eye of the hurricane” and that he sees a 70 percent to 80 percent probability of a Greek exit from the euro.
“I do not believe the situation really is calm,” Gross, said on Monday in a Bloomberg Television interview with Erik Schatzker, adding that he was surprised by the muted market reaction to a Greek vote on Sunday.