From BI: “I’m waiting for something to go kaboom,” Jeff Gundlach
says in his office a week before the L.A. speech. “If phase three takes two
years, it’s worth waiting for. The markets don’t have lots of opportunity now.”
According to the report, Gundlach recommends investors start
positioning their portfolios now as there will be little warning when the
"kaboom" happens.
For now, Gundlach recommends buying gemstones, art,
commercial real estate, and other hard assets.
Gundlach's DoubleLine Funds plans to off a long-short equity
fund to provide inflation-adjusted returns.
He's also sitting on cash because he expects there to eventually be
extraordinary opportunities when asset prices tumble....
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