from King World News
Jeff Gundlach says stay long gold and he also discussed why stocks are headed much lower. There is a note included from top Citi analyst Tom Fitzpatrick.
Here is a portion from Art Cashin’s note today: Gundlach On The Markets – Jeff Gundlach of DoubleLine Capital caused some ripples with a webcast he did yesterday. Here are some highlights from a Bloomberg piece on the webcast:
The Standard & Poor’s 500 Index has about 2 percent upside and 20 percent downside, making for a lousy risk-reward trade-off, according to money manager Jeffrey Gundlach.
Betting on stocks is a “big losing proposition,” Gundlach said Tuesday during a webcast. The recent rebound is a “bear market rally,” he said.