Apr.27 -- Jeffrey Gundlach, CEO of DoubleLine, says U.S. stocks are very overvalued on almost all metrics and the dollar is almost certain to decline. He also believes President Joe Biden's proposed capital gains tax hike is a negative.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property". - Thomas Jefferson
I HAVE BEEN MAKING LOSSES TRADING MYSELF...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
It's much better to keep taking profit of the table to hedge your bets and buy some in the dips. You don't have to time perfectly. When the market is up by every metric, it's unwise not to sell at least some of it.
The only thing that is overvalued is cash. Cash is thrash! It is designed to fail. 3 Best and surprisingly easy ways to double/hold your funds in 2021; Real Estates, Gold, who can guess the 3rd?
Has to be stock trading!!! Made my first million through it earlier this year as a newbie after I met a professional from a reputable firm... Retiring by next year with absolutely no fears!!
@@randolphwagner7658 Thats really impressive. Have tried doing that on my own without any luck for sometime now. Who is this professional you worked with please
@@roynorris7682 "Martha Elizabeth Linsley", she was in the news when she revived Grumac company in 2018. You can look her up on the web to get more on her!
@@umbytrader8933 Yeah, we should have pandemics more often! Just keep printing money and paying people to not work! Force 70 year olds to put all their money into risk assets and basically make home ownership impossible for upcoming generations. Perfection.
More importantly, he's cut his loses, made greater gains, and is a billionaire from investing...everybody makes mistakes, but by any measure his successes have been far greater than his losses.
Exactly- this is the same dude who shorted the biggest rally of our generation. To be fair many other so called “gurus” and billionaires did the same- Druckenmiller, Mark Cuban, Tepper, even Buffett sold all his airline stocks at a huge loss instead of holding longer. Bottom line: follow these “gurus” advice at your own peril. NO ONE knows for sure what the market will do next especially in the short term. Buy great stocks with conviction for long term and buy the dips!
@@Rainy_Day12234 No 0% interest rates creates distortion. All the distortions in the market are due to the FED manipulating interests rates lower than the market would have them. The FED is the problem. Study Austrian economics, this is as clear as day.
Isn't it strange that the checks used to help a lot of people buy food and pay bills are called "stimulus checks"? Shouldn't they be called "economic shock" payments or something like that? Why, it's almost as if the checks were to help corporations rather than needy people 🤔
Gundlach is trying to sell panic so he won't have to pay capital gains tax. People have money in their pocket, UPS is up, people are shipping and spending, there's big pent up demand, lots of innovation and productivity improvements, a cooperative fed. I think this market is going up - the only problem is with the next black swan it will burst like the bubble it is.
and here we are 6 months later. These all time highs can go on indefinitely, considering that cash is dead and all this fiat needs to keep chasing yield!!
I sold my Total Return bonds during the beginning of the pandemic (converted directly to sp500) I'm glad i did that bc Jeff never gives credit to Peter Schiff for many of his analogies. Bonds are a scam right now. Wait for a few hikes before investing again in bonds
Trying to judge when to sell? Are the odds greater than the market will rise 25% or drop 25%? If the market is setting up for a major decline then is it wise to sell now and to be safe on the sidelines to take advantage of possible opportunities, depending on FED/Treasury/government responses to a crashed economy?
Next time get Jeff on for longer and don't interrupt him. He doesn't mince words and is happy to pour his heart out on what he really thinks unlike some. So let him talk.
because we're a capital employing economy now. most labor for our products isnt done in U.S. thats why the lower class keeps getting poorer and the middle class shrinking
Lumber prices thru the roof because of how much paper is being printed the amount of trees being used to print the fake money is pushing lumber prices which causes them to print more money to pay for the inflated lumber prices which causes them
He’s right. The real bubble is interest rates. Stock valuations are based off of that so you can’t fault equity investors when the bond market is acting like it is.
I agree, why then are major investors like Warren Buffet saying different? Among others..lots of strong opposing views in today's market. Why!? Book bias? Fed manipulation/ reliance? Easy money? Confidence/ narrative?
Endless stimulus checks...okay someone didn’t appreciate the poor getting money. And a 3% tax increase on capital gains is STILL less tax than income tax. Capital gains should be taxed like lottery winnings and bonuses from work.
if cash is trash then BOND IS THE LONG TERM TRASH BEN, just enjoy watching the pain Gundlach is going though for the last 10 years is just SOOOOO MUCH FUN!
Govt. Not letting market correction. Keeping price artificially high with low interest rates. Not going to end well for the value of dollar and it's reserve status
As for shipping, we ship grains and meat and receive electronic parts. Dollar wise yes there is deficit, but weight and volume wise, probably break even. He is wrong that containers go back empty. He just made that up.
I've never seen a crash that wasn't preceded by a market that did nothing but go up. The reporter's premise "the market has been certain by going up" is false.
Well, for sure he’s absolutely eating your lunch in the investment world, look at where he is financially and where you are. Maybe ask yourself if he knows a little something more about investing than you do.
@@kingcountyband At the ends of long bull markets all kinds of fools think they are investment geniuses. You can always try to educate them, but it almost never works. Just let them learn the hard way... that fella commenting "he is the past..." is just one more phrasing of the age old "this time it is different". It is never different, the rules never change, valuations always matter, reversing to mean never stops at mean because otherwise it would not be "the mean" ;-)
I don’t blame her. The segment is only so long, and the producer wants her to cover certain topics. Gundlach is brilliant IMO, but he does tend to roll on once he gets going lol
Jeffrey loves to steal his analogies from Peter Schiff - The shipwrecked survivors on an island is a classic. He now has Peter Schiff blocked. Instead of admitting he shouldn't have done it the guy tries to block anyone who points out when, where and how he has stolen from other peoples work.
I found it interesting that Gundlach said bonds were even more overvalued than stocks! In my opinion, the Federal Reserve and the government will not allow both stocks and bonds to collapse until they are forced to do so by the rest of the world. When that will be, nobody knows. Your best bet is to evenly divide risk among all asset classes and not chase the market.
The problem likely isnt gonna be inflation with how much people are afraid of it right now. Its more then likely gonna come from something we arent paying attention to.
That is a very wise point you make. Just like the fact that so many people have predicted a major crash for the last year has caused everybody to be conscious of that possibility. So instead we have gotten many brief pullbacks gradually bringing valuations down as people cash out and shift from sector to sector.
Yep he made a mistake shorting s&p but still in the game....too many years hit right over get wrong....so many investing legends made huge mistakes...but barely some people know....
That same small fraction of society also benefits the most from the overall system, while consuming a much higher level of our natural resources and causing of climate change per capita. Seems at least a little more fair
