This blog is an effort to sift through the noise. Please note that a number of resources are used to create these theses and due to an overriding desire to think rather than edit I will not be citing every little source.
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Thursday, October 17, 2013
Jeff Gundlach on CNBC
Jeff Gundlach was on CNBC today sharing his thoughts on the recent moves by the U.S. government and how he thinks that the faith in the U.S. credit quality is slowly eroding. Enjoy:
Seems Jeff Gundlach shows up on talk shows whenever there's a significant threat to his bond or stock funds. Look at May and June earlier this year/2013. Gundlach was on every talk show from CNBC to bloomberg to multiple financial websites proclaiming that there was NO WAY THAT THE YIELD ON THE 10 YEAR BOND WOULD GO HIGHER THAN 2.5%. Within 24 hours of all these inteviews and claims from Gundlach, the 10-year bond yield toar thru 2.5% as if 2.5 didn't exist. Today Gundlach make soft suggestion on whether he thinks stocks or bonds are a good bet today. Today he talks softly in favor of bonds but doesn't proclaim that a certain level in bond yields will be respected. He makes stock picks and stock direction calls, like GOOG AND TSLA today. Why, he's a bond fund manager, right? He's been right on Apple but wrong on shorting insurance companies this summer due to higher rates, and he was wrong on CMG/CHIPOTLE, and he was wrong on Analy Mtg/NLY. So follow at your own risk. He's been about 30% accurate on stock picks. Not so hot?
AS NOTED ABOVE, HIGHLY LIKELY THAT JEFF GUNDLACH WILL BE WRONG ON HIS BEARISH VIEW ON GOOGLE. GOOGLE JUST REPORTED IN AFTERHOURS, SAME DAY THAT GUNDLACH TOLD INVESTORS TO SELL AND TAKE PROFITS IN GOOGLE, GOOGLE IS UP HUGE IN AFTERHOURS TRADING. JUST ANOTHER VALIDATION THAT GUNDLACH IS EITHER A VERY POOR STOCK PICKER AND STOCK TIMER OR HE HAS ALTERIOR MOTIVES FOR RECOMMENDING THAT INVESTORS SELL GOOGLE TODAY PRIOR TO WHAT TURNED OUT TO BE A SUPER QUARTER FOR GOOGLE. WTF WAS JEFF THINKING? AND THE BETTER QUESTION IS WTF WAS CNBC DOING IN INVITING JEFF GUNDLACH ON TO CNBC TO TALK ABOUT STOCKS AND BONDS AGAIN, HE'S BLOWN ALL HIS MARKET, BOND AND STOCK CALLS THIS ENTIRE PAST YEAR. HE'S A MORON!
2 comments:
Seems Jeff Gundlach shows up on talk shows whenever there's a significant threat to his bond or stock funds. Look at May and June earlier this year/2013. Gundlach was on every talk show from CNBC to bloomberg to multiple financial websites proclaiming that there was NO WAY THAT THE YIELD ON THE 10 YEAR BOND WOULD GO HIGHER THAN 2.5%. Within 24 hours of all these inteviews and claims from Gundlach, the 10-year bond yield toar thru 2.5% as if 2.5 didn't exist. Today Gundlach make soft suggestion on whether he thinks stocks or bonds are a good bet today. Today he talks softly in favor of bonds but doesn't proclaim that a certain level in bond yields will be respected. He makes stock picks and stock direction calls, like GOOG AND TSLA today. Why, he's a bond fund manager, right? He's been right on Apple but wrong on shorting insurance companies this summer due to higher rates, and he was wrong on CMG/CHIPOTLE, and he was wrong on Analy Mtg/NLY. So follow at your own risk. He's been about 30% accurate on stock picks. Not so hot?
AS NOTED ABOVE, HIGHLY LIKELY THAT JEFF GUNDLACH WILL BE WRONG ON HIS BEARISH VIEW ON GOOGLE. GOOGLE JUST REPORTED IN AFTERHOURS, SAME DAY THAT GUNDLACH TOLD INVESTORS TO SELL AND TAKE PROFITS IN GOOGLE, GOOGLE IS UP HUGE IN AFTERHOURS TRADING. JUST ANOTHER VALIDATION THAT GUNDLACH IS EITHER A VERY POOR STOCK PICKER AND STOCK TIMER OR HE HAS ALTERIOR MOTIVES FOR RECOMMENDING THAT INVESTORS SELL GOOGLE TODAY PRIOR TO WHAT TURNED OUT TO BE A SUPER QUARTER FOR GOOGLE. WTF WAS JEFF THINKING? AND THE BETTER QUESTION IS WTF WAS CNBC DOING IN INVITING JEFF GUNDLACH ON TO CNBC TO TALK ABOUT STOCKS AND BONDS AGAIN, HE'S BLOWN ALL HIS MARKET, BOND AND STOCK CALLS THIS ENTIRE PAST YEAR. HE'S A MORON!
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