by Justin Spittler
Investors are suffering from “mass psychosis.”
So says Jeff Gundlach, the master investor who manages more than $100 billion at DoubleLine Capital.
Gundlach, as you may know, is one of the world’s top bond experts. Many people on Wall Street even call him the new “Bond King” – an unofficial title that PIMCO founder, Bill Gross, held for years.
During one of his recent webcasts, Gundlach pointed out that rock-bottom interest rates are forcing investors to gamble with their savings to earn decent returns. MarketWatch reported last week: