Jeffrey Gundlach is shorting the market, says a retest of the low 'very plausible'

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“Beware of panaceas,” DoubleLine CEO Jeffrey Gundlach warned. “Many people don’t understand the wide-ranging ramifications of the societal shift that’s going on.”

"I'm certainly in the camp that we are not out of the woods. I think a retest of the low is very plausible," Gundlach said on CNBC's ""People don't understand the magnitude of ... the social unease at least that's going to happen when ... 26 million-plus people have lost their job," Gundlach said. "We've lost every single job that we created since the bottom in 2009.""Actually I did just put a short on the S&P at 2,863.

In March, the S&P 500 tumbled into a bear market at the fastest pace ever as the outbreak caused unprecedented economic uncertainty. At its worst level of the sell-off, the S&P 500 was down about 34% from its all-time high on Feb. 19. The equity benchmark is now about 16% below that record.looks like the most overvalued fixed income assetDoubleLine had more than $148 billion in assets under management as of the end of 2019, according to its website.

 

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I love pancetta. What are they saying?

Well put. All in agreement, what make the market turn tide?

Whatever he says......bet the other way ! Works every time

To avoid the corona virus, we must develop antibodies in the bat's body in the same way that a snake antidote is made from a horse. Jai Bharat.

I agree

Exactly... all lies in 5G. Enough to make me, a Bernie bro vote for trump... as well as the Biden allegations! Sheesh

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Stock market live Monday: Dow up 350, retakes 24,000, Gundlach shorting comeback“The markets are bridging to the future.” elerianm said there are 3 issues at play: -When will we fully reopen? -How will we reopen? -Can central banks bridge us to that point? elerianm -Can we convince the minions to go back to their low pay no benefits job? elerianm Ixnay the Central Banks. No longer a part of our new economy or future currency. ByeBye elerianm Unless the fed is paying the bills for 30,000,000 individual Americans the economy is totally F’D. Just wait for the July mortgage apocalypse.
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