Bill Gross Speaks. So You Should Take the Time to Listen.

The bond market can be a famously disagreeable place, where every player has a distinctly different idea of how to invest, what to buy and how much to pay.

In fact, about the only thing that almost everyone agrees on is that the smartest guy in the game is Pimco's Bill Gross.

Gross is a legend in bond investing. He has proven time and time again that he understands the market better than any other player (I like to point out that the first warning I heard about the mortgage crisis came from Gross -- way back when the rest of Wall Street was selling mortgage-backed securities like there was no tomorrow.)

So when Gross speaks, I listen. And you should too.

Every month he publishes his "Investment Outlook." And every month it is full of insight. Granted, his writing style is less than perfect. But the value in his statements is tremendous.

Check out this month's installment (It's also available as a podcast.) What you'll find is that while much of Wall Street insists the worst is over, Gross says "for now, investors should remain in high quality assets."