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Post by clinton on May 16, 2013 21:14:45 GMT -5
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Post by clinton on Jun 4, 2013 20:42:40 GMT -5
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Post by clinton on Jun 24, 2013 17:31:20 GMT -5
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Post by clinton on Jul 4, 2013 0:31:10 GMT -5
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Post by clinton on Sept 10, 2013 22:03:58 GMT -5
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Post by clinton on Oct 17, 2013 15:07:29 GMT -5
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Post by clinton on Nov 14, 2013 7:24:15 GMT -5
(Reuters) - Jeffrey Gundlach, co-founder of DoubleLine Capital, said the U.S. stock market is the "only game in town" as the Dow and the S&P 500 closed at record highs on Wednesday, though he would be hesitant to add new money because "I don't like buying high." Gundlach is best known as the new King of Bonds, but he has made a series of prescient calls on the global equity markets. He oversees roughly $53 billion of assets. Gundlach told Reuters in an interview that he believes the Japanese stock market looks like it might head higher again after its consolidation in recent months. Gundlach's DoubleLine is still invested in the Nikkei, which has posted returns of more than 40 percent this year. "That's the one market I am watching closely," Gundlach said. In April, the Bank of Japan pledged to inject about $1.4 trillion into its flagging economy in an effort to end two decades of stagnation. The monetary easing, coupled with pro-growth policies championed by Japan's Prime Minister Shinzo Abe, sent stocks rallying and the yen tumbling. Japan emerged from recession in 2012. Gundlach agrees with Ray Dalio, chairman and chief investment officer of Bridgewater Associates, one of the world's largest hedge funds with $150 billion in assets under management, who recently said that the Japanese economy will need another big round of stimulus to boost sluggish growth. As for U.S. equities, Gundlach said they are in a "momentum phase" and it is running high in the Dow Jones industrial average and the Standard & Poor's 500 though he'd be reluctant to put new money to work here: "It's just really high. I own some equities. I wish I owned more." The Dow Jones industrial average rose 70.96 points, or 0.45 percent, to end on Wednesday at 15,821.63, a record close. The Dow also hit an all-time intraday high of 15,822.98. The Standard & Poor's 500 Index gained 14.31 points, or 0.81 percent, to finish at 1,782.00, which was both a record closing high and an all-time intraday high. The Nasdaq Composite Index climbed 45.66 points, or 1.16 percent, to close at 3,965.58. Gundlach, who bought Apple shares at around $405, said he still has exposure to Apple as it is a "good diversifier." Many scoffed when Gundlach said at an April 2012 finance luncheon in New York that investors should "short" Apple, then trading around $560, because it was going to $425. Soon after, that's what it did, with Apple breaking below $400 earlier this year after peaking at $700 a share in September of 2012. Apple is now trading at $520 a share. Read more: www.businessinsider.com/gundlach-the-us-stock-market-is-the-only-game-in-town-2013-11#ixzz2kcdEwkbT |
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Post by jacksrbtr on Nov 14, 2013 7:43:43 GMT -5
Guys name sounds like Gandolf - the good wizard in the Rings doesn't it?
Hmmmmmmmm...
Othern that found some period metal hubcaps for the van at "Hubcap Eddie's" out in Lorton, VA for $60 not bad.
He had a few rabbits in the yard with a sign on their cage "WARNING! Stay Away - Attack Rabbits"
Bwahahahaaaa!
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Post by clinton on Feb 12, 2014 18:56:59 GMT -5
Jeff Gundlach Sells Apple; Warns High Yield Bonds "Most Over-Valued In History"
Tyler Durden's pictureSubmitted by Tyler Durden on 02/12/2014 13:24 -0500
The default cycle that should have occurred, given historical patterns of issuance cycles, has morphed (thanks to the Fed) into a refinancing cycle; but while DoubleLine's Jeff Gundlach suggests that fundamentals are supportive, "the valuation of junk bonds as a category is at its all-time overvalued versus long-time treasury bonds." So despite Yellen exclaiming that she sees no bubbles, one of the world's largest bond fund managers has never seen corporate bonds (investment grade and high yield) more expensive. Gundlach goes on to note he has sold some Apple (but believes it will remain range-bound), is baffled by the valuation of Chipotle, and sees 10Y Treasury yields dropping to 2.5% or lower.
...a lot of companies that under normal circumstances might have defaulted got to refinance instead.
*GUNDLACH TELLS CNBC ISN'T INTERESTED IN PUERTO RICO BONDS
*GUNDLACH TO CNBC: 10-YR TREASURY MAY GO TO 2.50% OR LOWER
*GUNDLACH TO CNBC: ISSUE W/JUNK BONDS, CORP. DEBT IS VALUATION
*GUNDLACH TO CNBC: STILL OWNS APPLE, HAS SOLD SOME SHRS RECENTLY
*GUNDLACH TO CNBC: `BAFFLED' BY MARKET VALUATION OF CHIPOTLE
Gundlach likes EM bonds (on a valuation basis):
...the real risk in emerging market bonds seems to be the currency risk more than anything else. If you go dollar denominated obviously you don't have that currency risk. Last year corporate junk bonds in the US had a 7% positive return and emerging market debt had a negative 5% return or so... and that kind of a divergence is historically very, very rare. There is something to mean reversion.
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Post by walnut on Feb 12, 2014 19:16:25 GMT -5
I listened to him on CNBC today. He is really a sharp dude. Very interesting to listen to.
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Post by clinton on May 7, 2014 7:42:51 GMT -5
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Post by clinton on Aug 8, 2014 20:41:46 GMT -5
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Post by clinton on Sept 9, 2014 20:26:59 GMT -5
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Post by clinton on Jan 13, 2016 9:28:14 GMT -5
Gundlach: Don't be a hero
Jan 13 2016, 09:25 ET | By: Stephen Alpher, SA News Editor Contact this editor with comments or a news tip
“This is a capital-preservation market, not a money-making environment,” says Jeff Gundlach in his latest webcast. "We could be looking at a really ugly situation during Q1 ... It's particularly more likely to happen if the Fed keeps banging this drum of raising interest rates against falling inflation.”While oil may have bottomed for the moment, there's no reason to be bullish on black gold over the long term.The long dollar trade (UUP, UDN) is a crowded one, says Gundlach, noting plenty of occasions when the greenback fell despite Fed rate hikes.Of the Fed's insistence on four rate hikes this year vs. the market's expectation for just about two, Gundlach thinks the market might win.
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Post by novie08 on Jan 13, 2016 10:57:38 GMT -5
Took note of IMF Christine LaGarde's comment on Fed rate hikes. Should be gradual and based on price and wages. We all know there is no wage growth.  |
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Post by clinton on Oct 4, 2016 21:13:11 GMT -5
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Post by clinton on Dec 2, 2016 2:48:04 GMT -5
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Post by clinton on Apr 25, 2018 7:50:53 GMT -5
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