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HomeJeff Gundlach Had the Call
Posted by Larry Doyle on August 25th, 2010 7:40 AM |
What is it that distinguishes the greatest athletes in sports, such as Michael Jordan, Bobby Orr, Wayne Gretzky, Peyton Manning, Magic Johnson, Larry Bird? While these ‘best of the best’ have and had many extraordinary athletic skills, those who love the game know that these world class athletes were able to see exceptionally fast moving action in slow motion. (In Manning’s case, he still does!!) As such, they played the game three steps in front of their teammates and four steps in front of the competition. As a result, special things happened.
In the world of investing, there are a handful of investment managers who possess similar instincts. Jeff Gundlach of DoubleLine Capital is one of them. Two months ago, Jeff was the keynote speaker at a Morningstar conference. Let’s roll the tape, as I highlighted Jeff Gundlach Sees 10Yr Treasury Rallying to 2.5%:
3. What does Gundlach predict for government bonds?
He said there hasn’t been a single day when the U.S. government bond market has failed to be the beneficiary of risk concerns globally, especially over the euro. “And as long as that’s the case, the probability is the 10-year Treasury is going to go to the yield of two-and-a-half percent,” he said. “Which sounds very low, but it’s been there before. In Japan, when they were dealing with similar problems, the bond yield stayed below that level for 20 years. So the bond market outlook in government bonds, for the time being, is positive.”
Where was the 10Yr Treasury when Gundlach made this call? (more…)
Jeff Gundlach Sees 10Yr Treasury Rallying to 2.5%
Posted by Larry Doyle on June 23rd, 2010 9:42 AM |
Jeff Gundlach
Jeff Gundlach, CEO and CIO of Doubleline Capital, is delivering the keynote speech today at the Morningstar Investment Conference in Chicago. For a sneak peek at some of the pearls of wisdom and sense on cents that Gundlach will likely deliver, let’s review a Morningstar commentary shared with us by a good friend, Gundlach: Debt is Still the Problem:
1. What does Gundlach think about the government stimulus and its immediate and long-term impact on our economy? (more…)
Jeff Gundlach Provides Sense on Cents
Posted by Larry Doyle on May 28th, 2010 7:04 AM |
Sense on Cents is all about helping people understand risk. Would you know risk if and when you see it? How would you handle risk? Are there enormous hidden risks in the markets and economy today?
Jeff Gundlach, CEO and CIO of Doubleline, is an expert on assessing and managing risk. Thanks to a loyal Sense on Cents reader for sharing video clips from discussions Jeff Gundlach recently had with Morningstar’s Jason Stipp.
I guarantee you in the course of ten minutes and in reviewing four clips (European crisis, deflation, credit spreads, too big to fail asset managers) of Jeff Gundlach, you will be more well informed and prepared to effectively navigate the economic landscape.
1. DoubleLine CEO, CIO, and portfolio manager Jeffrey Gundlach says the European debt crisis is not close to being 50% priced into the market yet.
2. DoubleLine CEO, CIO, and portfolio manager Jeffrey Gundlach says deflationary forces of excessive debt remain the most important factor in the market today. (Video clip here)
3. DoubleLine CEO, CIO, and portfolio manager Jeffrey Gundlach says the covenants protecting investors have eroded very quickly in recent bond issuances, which will sow the seeds for bigger default problems and weaker performance in the future. (Video clip here)
4. DoubleLine CEO, CIO, and portfolio manager Jeffrey Gundlach says if Citigroup was too big to fail, then so much greater is the risk for asset managers operating with multiples of that market cap. (Video clip here)
Thanks again to Bud for sharing these clips of the top fixed income manager in the markets today, Doubleline’s Jeff Gundlach.
LD
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Jeff Gundlach Provides Sense on Cents
Posted by Larry Doyle on May 17th, 2010 11:12 AM |
We have not heard much lately from the former high profile money maven, Jeff Gundlach. You may recall that Gundlach departed the LA-based Trust Company of the West late last year under very questionable circumstances, leading to an ugly lawsuit. I highlighted as much this past January in writing, “TCW vs Gundlach, et al: Getting Ugly Early.”
What has Gundlach been up to lately? The Wall Street Journal brings us up to date on the once high-flying, but currently humbled, money manager in writing, Gundlach Gets Back in the (Smaller) Game:
Jeffrey Gundlach, the bond-fund manager whose departure from TCW Group in December made headlines, still sees himself as a player in the industry. (more…)
TCW vs Jeff Gundlach, et al: Getting Ugly Early
Posted by Larry Doyle on January 7th, 2010 8:06 PM |
Jeff Gundlach
It is not often that the top bond manager on Wall Street gets fired. What prompted the unceremonious departure of Jeff Gundlach from Trust Company of the West?
Stories of financial intrigue are always riveting. The real deal of authentic Wall Street financial conspiracies and resulting legal actions are much more riveting. Did Jeff Gundlach and other defendants steal a wealth of TCW proprietary information prior to being shown the door? Did Gundlach, et al commit fraud and a breach of fiduciary duty while at TCW? Did TCW plan to confiscate revenue generated by Gundlach and team?
What are we to make of TCW management’s allegation that they found inappropriate contraband in Gundlach’s office the day he was fired. What sort of contraband? Marijuana, drug paraphernalia, a collection of sexual devices, and hardcore pornographic magazines. (more…)
Nouriel Roubini Agrees with Jeff Gundlach
Posted by Larry Doyle on October 27th, 2009 11:18 AM |
Dr. Doom agrees with Wall Street’s top fixed income manger? Who are these individuals and on what do they agree?
Both these individuals are Economic All-Stars here at Sense on Cents (see left sidebar). Nouriel Roubini (aka Dr. Doom) and Jeff Gundlach (aka Wall Street’s top fixed income manger) possess a contrarian view on the future of the U.S. dollar. While most analysts, economists, traders, investors, and speculators call for ongoing weakness in the greenback, Roubini and Gundlach believe the dollar will rebound and risk-based assets will retreat.
I addressed Gundlach’s views on this market driving principle on September 10th when I wrote “Jeff Gundlach of TCW Calling for Deflation and Dollar Rally”: (more…)
