Salient to Investors:

Bill Gross at Pimco said the Fed can do nothing but continue its accommodative monetary policies even with the U.S. economy adding more jobs than forecast last month.

Pimco bought Spanish and Italian bonds on speculation that Draghi will come to the rescue.

Mohamed El-Erian at Pimco said a new Fed chairman would be unable to immediately reverse the Fed’s unprecedented easing – the best he or she can do is slow it and try to deal with the collateral damage.

Read the full article at