He doesn't love buying the 10-year Treasury at a 2% yield, but he is doing it because he believes that Fed policy will keep the 10-year range bound for some time.
Gundlach doesn't think there is going to be any chance to fix the American deficit without some serious entitlement reform.
He got bullish last year on Nov. 15 on the Japanese stock market and he never thought for a second that it would go up as quickly as it has. He is still long the Japanese market and thinks that the Japanese society is underinvested in equities.
He doesn't like Apple stock long term but he would own it for a trade. He thinks Apple (AAPL) is the new Microsoft (MSFT) and is going to have a hard time growing going forward.