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 about 4 since may 1st and since then, inveps tors pulled out more than 18 billion from the fund. The fight over the fate of j. C. Penney takes a twist. They are starting a new ceo search. Activist and shareholder bill ackman wan
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