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Gundlach buys Treasuries
Posted: Wed Mar 06, 2013 1:50 am
by foglifter
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
Re: Gundlach buys Treasuries
Posted: Wed Mar 06, 2013 6:32 am
by dualstow
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.
Re: Gundlach buys Treasuries
Posted: Wed Mar 06, 2013 10:02 am
by melveyr
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
Posted: Wed Mar 06, 2013 11:50 am
by clacy
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.
Yes and Gundlach is no light weight either. His total return fund has had some amazing returns.
Re: Gundlach buys Treasuries
Posted: Wed Mar 06, 2013 12:52 pm
by foglifter
clacy wrote:
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.
Yes and Gundlach is no light weight either. His total return fund has had some amazing returns.
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.
Here's a good story about him:
http://money.cnn.com/2010/03/09/news/co ... l.fortune/
Re: Gundlach buys Treasuries
Posted: Wed Mar 06, 2013 4:53 pm
by Kshartle
"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.
Re: Gundlach buys Treasuries
Posted: Fri Apr 05, 2013 6:52 pm
by melveyr
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.
Hmmm so Gundlach has been long Treasuries, short yen, and long japanese equities. Can you get any more right than that?
He must be a
very happy camper.
Re: Gundlach buys Treasuries
Posted: Tue May 07, 2013 4:59 pm
by Reub