This is an interesting news. Gundlach thinks stocks are overbought and his prediction regarding AAPL just came true.
http://www.reuters.com/article/2013/03/ ... US20130304
Gundlach buys Treasuries
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Gundlach buys Treasuries
"Let every man divide his money into three parts, and invest a third in land, a third in business, and a third let him keep in reserve."
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dualstow
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Re: Gundlach buys Treasuries
Interesting! It's fun to read this right after seeing Buffett recently call long-term treasuries a "dumb" investment. I might have to revisit those articles from a year or two about about Pimco's Bill Gross ill-timed treasury dump.
Abd here you stand no taller than the grass sees
And should you really chase so hard /The truth of sport plays rings around you
And should you really chase so hard /The truth of sport plays rings around you
Re: Gundlach buys Treasuries
It's always fun to see a Treasury bull come out. Whenever I am talking with fellow finance guys and the idea interest rates "having to go up" is mentioned I just sheepishly smile and nod.
everything comes from somewhere and everything goes somewhere
Re: Gundlach buys Treasuries
Yes and Gundlach is no light weight either. His total return fund has had some amazing returns.melveyr wrote: It's always fun to see a Treasury bull come out. Whenever I am talking with fellow finance guys and the idea interest rates "having to go up" is mentioned I just sheepishly smile and nod.
Re: Gundlach buys Treasuries
Gundlach is an interesting guy. A math whiz and Yale PhD dropout, he made news when he was fired from TCW after 24 years and set up his own firm DoubleLine. Less than 3 years later the firm amassed $52 bln.clacy wrote:Yes and Gundlach is no light weight either. His total return fund has had some amazing returns.melveyr wrote: It's always fun to see a Treasury bull come out. Whenever I am talking with fellow finance guys and the idea interest rates "having to go up" is mentioned I just sheepishly smile and nod.
Here's a good story about him:
http://money.cnn.com/2010/03/09/news/co ... l.fortune/
"Let every man divide his money into three parts, and invest a third in land, a third in business, and a third let him keep in reserve."
- Talmud
- Talmud
Re: Gundlach buys Treasuries
"The yen, trading at 93 to the dollar, is "of course" headed toward 100."
"I think it is going to 200" yen to the dollar, he said.
Now here's a real time call to go with those treasuries.
I like listening to the rationale from anyone buying treasuries that isn't a Central Banker.
"I think it is going to 200" yen to the dollar, he said.
Now here's a real time call to go with those treasuries.
I like listening to the rationale from anyone buying treasuries that isn't a Central Banker.
Re: Gundlach buys Treasuries
Hmmm so Gundlach has been long Treasuries, short yen, and long japanese equities. Can you get any more right than that?Kshartle wrote: "The yen, trading at 93 to the dollar, is "of course" headed toward 100."
"I think it is going to 200" yen to the dollar, he said.
Now here's a real time call to go with those treasuries.
I like listening to the rationale from anyone buying treasuries that isn't a Central Banker.
He must be a very happy camper.
Last edited by melveyr on Fri Apr 05, 2013 6:57 pm, edited 1 time in total.
everything comes from somewhere and everything goes somewhere