Yes, I know he's upsetting to some because he's not cheery. However, he's certainly not doing badly.
A highlight of the second part (both parts are worth watching, although I found the second part more informative):
Kaminsky: "Many people are worried about the Fed's eventual exit..."
Gundlach: "There's no exit. There's no exit. I think it's more likely that the Fed buys all the treasury bonds that exist. I have no concept of what the Fed exit strategy would look like, nor does an investor or viewer need to have a concept, because it's WAY out in the future. The next move in the Fed chess game is not the Fed exiting, it's the Fed continuing."
"This a market where buy-and-hold is completely out the door." Individuals have to be more active, and that's going to be difficult.
He also talks about possible levels where the D'line funds may be closed.
Comments
related article: don't buy index or individual bonds [index or individual bonds underperformed compared to active funds]
http://www.kiplinger.com/columns/value/archive/dont-buy-bond-index-funds-or-individual-bonds.html