Posted on 09/14/2009 6:09:21 PM PDT by Kartographer
The stock market's recent rally is likely to run out of steam soon and equity prices may collapse again, Jeffrey Gundlach, chief investment officer at Los Angeles-based mutual-fund giant TCW Group Inc., said Wednesday.
The benchmark Standard & Poor's 500 index is "extremely unlikely" to climb above 1,100, before collapsing again, he said during a conference call.
"You've made 90% of the money you're gonna make in this rally," Gundlach said, advising investors to sell on strength when the S&P 500 is above 1,000.
(Excerpt) Read more at marketwatch.com ...
the 9500-11,000 is the zone before the next sell off. There’s a lot of cash on the sidelines.
I say bring it on as fast as possible. The crash will cause the ‘green shoots’ nonsense that is driving up oil prices to falter, making heating oil cheaper just in time to top off the tanks for winter.
No brainer. We are screwed, unless the market is the dumping ground for newly printed fiat money. Ben may have found his “helicopter” mechanism after all.
I am guessing this guy makes money when the stock market goes down.
Disagree with this guy. I am no pro but it doesn’t feel that way,,it is going to inch up and down. And if health care and cap and trade get defeated, market wil rally,,an anemic ralliy but okay by me.
Exactly right. I'd say odds are very good this fellow is trying to see if he can drive the market down because he's got lots of short positions.
Spend a week reading Karl Denninger and Mish Shedlock....
It will all make sense to you
May?
I think he’s right and already made a move to safe harbor.
9800 would have been my top.
Nope. TCW or Trust Company of the West is a big money manager for institutions and has their own mutual funds.
He is warning people that the market is probably going down.
TCW is not a short outfit. It is a big institutional money manager.
Many people are saying the same thing. Look at the economy.
To paraphrase another FReeper, the “green shoots” is money being shot out of cannons by the printing press
My thought exactly. I look for rational solid reasons that it won't, and I can't find them.
Yes - the market will crash again — and it will also rally again — because it goes up and it goes down. We also are all destined to die sooner or later.
Those who think they can time the market are fools. 75% of the pro traders can’t even beat the indexes. It is extremely difficult for non-pro’s to time the market.
Best strategy is to dollar cost average into the market over 30+ years with a balanced portfolio allocated into index funds across the major asset classes and sit tight.
I am up 400 percent in some stocks since March. Lost money in some others when I bought and sold at the wrong time.
Time to take some profits and build cash for the next downturn.
GLTA
The ‘good’ loans are resetting and millions of them are ARMS. This resetting of the ARMS will weigh heavy on the Wall Street Banks. Bernanke will inflate to infinity to prop up the banks. Super inflations comes.
The ‘good’ loans are resetting and millions of them are ARMS. This resetting of the ARMS will weigh heavy on the Wall Street Banks. Bernanke will inflate to infinity to prop up the banks. Super inflations comes.
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