|Wall Street (Source: Jpellgen on Flickr)|
Gundlach Leads Bond Funds Boosting Cash (Bloomberg)
"“We are looking for a more severe down move in prices, for a better level to buy,” said Jeffrey Gundlach"
“Gundlach, the chief executive officer of Los Angeles-based DoubleLine Capital Inc., said in a telephone interview that he has 10 percent of the fund’s assets in cash, about five times what it usually holds. He views a move in the 10-year Treasury yield above 3.5 percent as a buying opportunity."
David Rosenberg (Gluskin Sheff) Explains "Why We Should Be Worried" (Zero Hedge)
Rosenberg on CNBC: We Are One Small Shock Away From a New Recession (Pragmatic Capitalism)
Swiss Franc Is Most Expensive Currency as Taylor Sees Euro Parity (BusinessWeek)
“The Swiss franc looks like it will go to par with the euro,” said John Taylor, founder of FX Concepts LLC in New York, the world’s largest currency hedge fund." (hat tip ZH)