From Investment News:

"Despite market sell-off, Bill Gross goes on a $21.4 million [his own money] bond-buying binge.  PIMCO fund manager is predicting the end of the 30-year bond rally, but he keeps plowing his own money into fixed-income funds."

Ignore him either way... his track record is less accurate than a coin flip:  Bill Gross Guru rating.

Instead, stick to an appropriate long-term asset allocation that deliberately reflects your goals, time horizon, risk tolerance, and financial circumstances.