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Oh gross has his eye on equities a little further east he nailed the worst bond sell-off since 1998 when he called German bunds the quote short of a lifetime now hes come out with a similar call on Chinese stocks he says the next short of a lifetime could be Chinas shenzhen index he says not just yet lets get out of Bloomberg News reporter Richard frost / in Hong Kong Richard break down exactly what Bill Gross is talking about hit well just do I just talk about what happened in Shenzhen after those comments he almost looked very clever when we saw the shenzhen composite plunge 6.1 percent in a very short space of time he then looked even cleverer were saying not yet for that short because that index then recruit almost all those losses within just just a similar short space of time what hes looking at is what he called an almost hyperbolic climb in the schengen composite which to me seems a bit of an understatement this index is gained are almost triple in the last 12 months that