It is certainly no secret that billionaire money manager Jeffrey Gundlach has been warning his clients that stock market valuations are exceedingly high, but now he sounding a lot like former Fed. Chair Alan Greenspan and yes myself, with regard to the bond market.
Moreover, Mr. Gundlach is putting his money where his mouth is. The billionaire money manager made a public announcement on CNBC that he was buying puts against the S&P 500 at the end of July.
Yesterday Mr. Gundlach stated that he expects to see bond market bulls get walloped as treasury yields break out to the upside.
Just two weeks ago we heard from none other than former Fed. Chair Alan Greenspan who is also warning that the bond market was "in a bubble."
Jeffrey Gundlach
Alan Greenspan
Me
If in fact Mr. Gundlach, Mr. Greenspan, and myself are correct, (keep in mind that I have been for warning people about trouble in the bond market for the better part of a decade), the effect on the stock market should not be underestimated.
In a rapidly rising rate environment the stock market would take a serious hit, hence Mr. Gundlachs puts against the S&P 500, which would pay off big time. Can you say Big-Short?
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Gregory Mannarino @marketreport
I read an article about Gundlach's interview and I know Icahn has talked about this also. You've been on this for so long, it's really funny seeing some prominent financial people now discussing this. The game of musical chairs can't go on forever and it's going to be very painful for those that don't have a seat when the music stops.
Good work and wonderful wish you more tender
No doubt. Now we know for sure that markett driven rates will be moving looower. Greg's doing great. Altho I single-handedly ended the N. Korean conflict Greg "assured" that the Afghanistan thingy is no big deal and now we "know" for a fact that market driven rates move looower over time. Thanks,Greg! No need to post your picks...we are receiving you "loud n clear." :-)
Whoa there big dog daddy. The N. Korean conflict will not and can not end till you get lil Kimmie to change the fucked up hair cut. Until then, the conflict will never die.......... :-)
GOOG point. But if you read my LMT blogs you will see that I was going to have Dennis Rodman redo Kimmie's hair as a sidenote. :-) I think Afghanistan is just so Trumpf can use up teh last 9 MOAB's. Expiration date on them suckas is 1/1/18 so I am "expecting" a rockin New Year's eve in Kandahar...with "live" music by the B52's! :-)
LOL this is a wait and see moment. Rodman and "hair style"could be hit or miss.
Well, ifn Lil Kim gonna get a Rodman style cut then so are all the other men in N Korea...which would make it a more intrusting place to visit at least. :-) Oh, here's a big round zero for ya via an upvote.
Where is Greg posting his picks? The Money Page & Equities pages are missing.
Thank you.
He stopped posting picks and my "theory" why he did it is because the GOOGL long trade he posted never even happened. I have been tracking Greg's trades via my blog. On the day he posted his GOOGL long trade via the 935.00 calls I checked pricing so that anyone who follows Greg can visit my blog and see "actual" prices paid. Well, there were zero contracts traded on the day he posted his GOOGL long. 2 days later the calls he "said" he bought were down by 20% and he came out and said >>> "If you are following along with my trades and you don't take the other side of the 2 longs I posted (the otehr was QCOM) you deserve to get your ass kicked!" You can see the result of that rant with GOOGL within minutes of his spew. So either he stopeed posting picks because he got caught in a lie...or he did it becuz most of the time the trades he posts turn against him...sometimes within minutes. :-) At least we now know there is no waaaay Greg can come on a say he's "killing it!" without any proof. Here's my blog outlining his QCOM and GOOGL trades.
https://steemit.com/greg/@joejustjoe/traderschoice-net-trade-blog-for-the-week-starting-8-8
I asked him on at least 5 different occasions to explain the GOOGL trade and he refused to.
Thanks Joe. I appreciate the response. It helped clear up my confusion.
Oh, forgot to mention the dollar....soon to be "king" dollar...thanks to Greg's rant about a collapsing dollar. :-)
Those guys are in fine company. Thanks for sharing. If bonds lose their value the price goes up and the yield goes down. Is this a price bubble? If the price goes down, yields go up. Meaning interest rates go up?
Tanx for the update.... keep'em coming!!!
No doubt, makes me want to go long the SPY...short UVXY. Hey, I think I will since Greg mentioned the "big short" :-)
Another great post greg.
I'm expecting the S&P to roll over soon
Well, the wrath of God is coming soon, with the Eclipse warning sign, so batten down the hatches.
great postpmarketreport ! keep it up! and thanks again for following!
@ahlawat
Yes, like the Big Short. That day will come sooner or later.
Own $TBF or sell strike price 22 puts on $TBF
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I have been following you on Youtube for a year now and have to say you are always on target!