He had a Youtube broadcast (all of us can have that, it is free...)
Gundlach: before each of the last 3 recessions, one market peaked - first Japan, then Europe, then EMs. Now it will be the US.
1:46 PM - 13 Jun 2019
Drifting Aimlessly but BOND KING sounds RECESSION WARNING!
Started by
dTraderB
, Jun 13 2019 04:50 PM
10 replies to this topic
#2
dTraderB
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Posted 13 June 2019 - 04:54 PM
SPX is above the 50ma, seems to have made a ST LOW but with the market in pre-OPEX mode and also in the Summer Doldrums phase, it is
not wise to predict .... just trade it. Many are long gold, wonder if it is now a croded trade or I can still get in at a good entry price?
He is really brave to make such a bold forecast -- almost a coin toss up, 45% of a recession and 55% not a recession, almost 50 - 50 !!!
But, he is THE Bond King so it is a great forecast!
Jeff Gundlach Live Webcast: "45% Odds Of A Recession In The Next 6 Months"
Gundlach: "I am certainly long gold"
#3
dTraderB
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Posted 13 June 2019 - 04:57 PM
Support area for DB stock is,,,,, ZERO!!!
LOL
The presentation begins with Gundlach slamming Deutsche Bank's imploding stock...
... and the record negative yields in German 10Y bunds...
... which among other things reflect collapsing European export orders.
#4
dTraderB
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Posted 13 June 2019 - 04:59 PM
...but TOM is a raging bull!
NYSE is showing more than 1000 net advancing issues at the moment. If that holds into the close, we will see a new record all-time high for the A-D Line, which is a clear message that this is NOT a bear market.
8:35 AM - 13 Jun 2019
#5
dTraderB
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Posted 13 June 2019 - 05:05 PM
Fearless Contrarian Forecast: tomorrow will be DOWN, big time!
HEY, KIDS! Do you know what tomorrow is? RISK! FREE! FRIDAY! Here's the updated 2019 daily $SPX returns in weekly calendar format.
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#6
dTraderB
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Posted 14 June 2019 - 06:24 AM
I expect to see SPX 2900 today; it may go higher.
The above holds if the market behaves in the normal pre-OPEX Friday manner.
If it does not, expect SPX 2860 or lower
#7
12SPX
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Posted 14 June 2019 - 07:20 AM
Oh my are we back in 1999, I said back then that the dot com era was going to go bust just after the Nasdaq went over 5000 and the IPO market was getting ridiculous with some pet company and I wake up this morning to one coming out today called Chewy. Hmmmmmmm this is smelling very similar lol!!!
#8
dTraderB
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Posted 14 June 2019 - 11:14 AM
I am about done for today.
It's been relatively dull & boring recently
Maybe I take a few days off next week or two while the markets work off OPEX, FED, etc
#9
dTraderB
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Posted 14 June 2019 - 11:15 AM
Oh my are we back in 1999, I said back then that the dot com era was going to go bust just after the Nasdaq went over 5000 and the IPO market was getting ridiculous with some pet company and I wake up this morning to one coming out today called Chewy. Hmmmmmmm this is smelling very similar lol!!!
I will end just as bad as 1999/2000 or even worse.
IPO mania is reaching historic levels
#10
K Wave
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Posted 14 June 2019 - 11:50 AM
YM thus far resisting bear efforts to get it back under 26K.
If it blasts out of this flag upside, along with NYA closing back over 13K, then bears could have long summer...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
