Loading ...DoubleLine’s Gundlach says U.S. stock market is ‘dead money’
NEW YORK (Reuters) – Jeffrey Gundlach, the chief executive officer of DoubleLine Capital, said on Tuesday that the rally in U.S. stocks, which began on Monday, feels like a short squeeze and characterized U.S. stocks as “dead money.”
“The market is not incredibly healthy,” Gundlach said in a telephone interview, noting recent corporate earnings have come in weak. Gundlach, who oversees $95 billion at Los Angeles-based DoubleLine, said the S&P 500 index .SPX “has gone nowhere in the past 12 months to 18 months.”—May 24, 2016
*****************************************************************************
AND THEY ALL WENT DOWN IN SMOKE–
[but R640 is here to tell u that now the wolf really IS at the door…as we solemnly remember all the disgraced bears since 2007]
The Roll Call:
SACS IS BEARISH finance.yahoo.com
HULBERT SEZ INSIDERS SELLING DEC 2012 marketwatch.com
and again MARCH 2014 marketwatch.com
Hulbert sez itsa bubble marketwatch.com
PETER SCHIFF 3-17-14 CRASH COMING
moneymorning.com
DOUG KASS 01.09.13
businessinsider.com
DOOMSDAY OCT 19 2012 marketwatch.com
YAPPIN BOUT TULIPMANIA IN 1982
workers.org
AUGUST 2012 BILLIONAIRES BAGGING OUT moneynews.com
SEPT 2015 BILLIOAIRES STILL BAGGING OUT
moneymorning.com
CAT…everbodies looking down reuters.com
GOLD Message 28420560
DAVID TICE businessinsider.com
RUBEANIE BABY,,,,The world is coming to an end… business.financialpost.com
the RUBE……