Hedge Fund Titan / Double Line CEO Jeff Gundlach sees S&P reaching 2700

Prescient comment . . .

quote:

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My Wall Street friends are talking about a technical bottom in stocks and whether the worst is over...

My friends who own businesses in the REAL world are talking cash flow survival, layoffs, and potential for bankruptcy...

The disconnect tells me we have more downside to go

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Same concern with mark to market in the MBS world. Debt is poison here.

If that’s the case then that’s the start of another bull market. We don’t have much further to go to get 20% up from the bottom. Sentiment is already picking up, hell just look at this board lol.