From Michael Covel, Editor, Trend Following:
With the S&P 500 hitting record highs, one of the world’s most renowned investors has hit the panic button with a sledgehammer…
Jeffrey Gundlach, also known as the “Bond King,” is one of the most accomplished fund managers on the planet.
Just six years after launching his own firm, DoubleLine Capital, he’s at the top of the bond world, with more than $100 billion under management.
When Gundlach speaks, the press genuflects.
And not surprisingly, many of Wall Street’s brightest lemmings are freaked out by his recent market warnings…
Running for Cover
In a recent Reuters interview, Gundlach told investors to head for the hills.
Here’s his apocalyptic advice:
“Sell everything! Nothing here looks good… The stock markets should be down massively but investors seem to have been hypnotized that nothing can go wrong.”
Why is Gundlach headed to the bomb shelters?