“I want fear,” Gundlach, the founder and head of Los Angeles-based DoubleLine, said in an Aug. 24 telephone interview. “I want to buy things when people are afraid of it, not when they think that it’s a gift being handed to them,” he said of speculative-grade bonds.
http://www.bloomberg.com/news/2011-08-26/gundlach-s-doubleline-waits-to-buy-until-everyone-in-fear-adds-to-cash.html
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