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We will have to revisit Mr. Gundlach predictions sometime down the road. PIMCO has a different and positive view on junk bonds - see link below. I have no idea on stocks, junk bonds or whatever. Albeit I am lighter than I was last week in the junk category. I also have a few irrelevant issues with the month long stock market rally. My only quibble with his junk bond prediction is when he says they aren't worth buying until crude rallies to around $45 to $50 a barrel. They have already rallied 6% from their 2/11 lows (at which time he was predicting a junk bond collapse) If crude does trade to the $45 to $50 level that is another large percentage move you will have missed in junk.
Also in JNK By Bloomberg News | March 9, 2016 - 12:09 pm EST Best junk bond manager of decade says recession fears overdone Fidelity's Mark Notkin sees mid-to-high single-digit returns for 2016 Mark Notkin expected the rebound in high-yield bonds. The earlier plunge in the first part of the year is what didn't make sense to him.
Comments
http://www.bloomberg.com/news/articles/2016-03-03/pimco-wades-into-junk-as-doubleline-warns-danger-still-lurks
Gundlach mentioned as possible investments
G-7 Bonds in local currency. Gundlach's newest fund Right product,right time.
http://www.doublelinefunds.com/funds/global_bond/overview.html
Bond C E Fs @ discount.His ?
DBL
http://www.cefconnect.com/Details/Summary.aspx?Ticker=DBL
DSL
http://www.cefconnect.com/Details/Summary.aspx?Ticker=DSL
@junKster said on 3/6
the Jeffrey Gundlach DoubleLine bond funds mentioned (DBLTX and DLTNX have been among the best of the best over the past 1, 3, and 5 years. And obviously had you *blindly* put your money in the trust of DoubleLine you would be sitting pretty in that bond category if a diversified portfolio is your thing.
http://www.mutualfundobserver.com/discuss/discussion/comment/75948/#Comment_75948
Also in JNK
By Bloomberg News | March 9, 2016 - 12:09 pm EST
Best junk bond manager of decade says recession fears overdone
Fidelity's Mark Notkin sees mid-to-high single-digit returns for 2016
Mark Notkin expected the rebound in high-yield bonds. The earlier plunge in the first part of the year is what didn't make sense to him.
Mr. Notkin, whose $9.7 billion Fidelity Capital & Income Fund FAGIX has outperformed all peers over the past decade, didn't flinch as high-yield bond prices tumbled in January and early February. While investors feared that declining oil prices and troubles in Europe and Asia might disrupt growth in the U.S., Mr. Notkin found little evidence to support the gloom.
http://www.investmentnews.com/article/20160309/FREE/160309924?template=printart
Gundlach's Slides From 3/9
http://seekingalpha.com/article/3956876-jeffrey-gundlach-probability-another-hike-march-june-2016-slides
Gundlach "uncanny"how accurate this indicator has been