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Bond King Jeff Gundlach - He Can't Find Anything to Buy
Posted by: Canadian Value (IP Logged)
Date: August 29, 2013 04:59PM
[size=13px; ]The King of Bonds Jeff Gundlach joins the video below at the 2:15 mark.[/size]
Some observations from him:
- The Fed will be reducing their bond purchases and we can expect some language to that effect today.
- Nobody is making money anywhere in the market right now, stocks/bonds/gold are all doing poorly and that is because investors see Central Banks tightening up liquidity.
- If there was one thing he would buy today it would actually be long-term government bonds because there is no inflation anywhere.
- He expects gold to continue hitting new lows.
Watch the video below for his other comments:
Stocks Discussed: GLD,