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Jeffrey Gundlach says Fed this week was 'not reassuring' and S&P 500 still in bear market

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DoubleLine Capital CEO Jeffrey Gundlach spoke to CNBC's Scott Wapner on Thursday.

div > div.group > p:first-child"> Wapner: Were you surprised by Fed's dovish double-down on Wednesday?

Gundlach: I think you have to be. I predicted they would go from two hikes this year to 0.5, and everyone told me there was no way they would downgrade it that far. But they went even further!Fed has gone from"we got this" to"we'll get back to you". Not reassuring.Gundlach – Yes to bear market. In 2007 the Fed went from"biased to tighten" to an"emergency ease" in just a few weeks.

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He must have some serious shorts on for wanting this to be a bear market. I do hope we get a pull back though.

I'm loving this bear market over the last 3 months. I know people on the sidelines hoping things turn to crap. Is that an investment strategy?

NO WAY!

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