7 views on the market from Jeffrey Gundlach
Speculation is taking hold
Gundlach said that the zero-interest-rate policies of the global central banks is "absolutely starting to force people into throwing their money into speculation." He added that the housing market, which is seeing an influx of hedge fund money, is the clearest example of this speculation. “What’s really changed is you are starting to see widespread buy-in to the idea that the housing market — particularly in the areas that were subprime financed — have clearly improved,” Gundlach said.
Source: Litman Gregory