GUNDLACH: The Markets Are Coiled Like A Snake
Jan 9, 2013, 03:59 IST
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The presentation, titled "Year Of The Snake," covered Gundlach's outlook for the global economy and financial markets.
His closing remarks say it all: "Don't expect the stability of 2012 to endure in 2013."
The stock markets, the European bond markets, the high-yield credit markets, the elevated fiscal deficits... Gundlach believes all of them are effectively coiled like snakes and are ready to bite us.