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Hedge Fund Titan / Double Line CEO Jeff Gundlach sees S&P reaching 2700
Posted on 3/26/20 at 3:01 pm
Posted on 3/26/20 at 3:01 pm
3
Posted on 3/26/20 at 3:06 pm to Hussss
Prescient comment . . .
quote:Same concern with mark to market in the MBS world. Debt is poison here.
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
Posted on 3/26/20 at 3:07 pm to NC_Tigah
No doubt
Posted on 3/26/20 at 3:10 pm to Hussss
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Downvoted
Posted on 3/26/20 at 3:47 pm to Hussss
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.
Posted on 3/26/20 at 3:57 pm to Shepherd88
quote:
Over the last three days, the S&P 500 has gained 17.55%.
calling a 2700 S&P right now isnt exactly sorcery
Posted on 3/26/20 at 3:59 pm to cgrand
Called it March 24. That was a link to his twitter account. Some absolute gems in there pertaining to all this.
Posted on 3/26/20 at 4:12 pm to Hussss
and then after it hits 2700?
Posted on 3/26/20 at 4:21 pm to Brobocop
Dial in to the trading desk of the NY Fed and maybe they can clue us in. Ha!
All kidding aside, I’m now in wait and see mode in my active trading account but I personally see it getting into the S&P 2750 - 2850 area by looking at previous pivots.
So whatever we hit, we then have a range to measure risk by. Roughly S&P 2200 - next peak we see.
All kidding aside, I’m now in wait and see mode in my active trading account but I personally see it getting into the S&P 2750 - 2850 area by looking at previous pivots.
So whatever we hit, we then have a range to measure risk by. Roughly S&P 2200 - next peak we see.
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