What the Pimco Bond Man was doing, which I warned you at the time, was blowing you a kiss. He was shooting a missile that was intended to blow up your capital. I told you to shoot it right back.

Bill Gross is the world's biggest bond trader. He manages a gazillion dollars. A gazillion dollars just happens to be more than the combined net worth of the Forbes wealthiest persons in the world, which includes Bill Gross, Warren Buffett and maybe the Saudi Royal Family. Whatever.

So when Bill Gross speaks, people should listen. And when he says "buy", I'm telling you to "sell". That in a nutshell is what I think of the man's advice.

You see, it's not the man; it's the ground he stands on that matters. And when Bill Gates is in trouble, he has a mountain of paper to move. So when he says "buy", he needs you to buy.

As proof, yet again, that Bill Cara knows what goes on in capital markets, have a look below at what's happened to the 30-year U.S. Treasury Bond in the past week and a half since Bill Gross spoke so eloquently to the Little People.

By the way, when yields go up this fast, the bonds are crashing.