10 spot-on predictions by Jeffrey Gundlach
The date
December 2012
The details
During a conference call with investors, Mr. Gundlach announced that going long Japanese stocks and shorting the yen was his latest “highest conviction” idea. The Japanese government was out of options, he said, and would have to take similar measures to the Federal Reserve Bank to stimulate its economy. That meant debasing the currency and pushing risk assets higher. One way for investors to play the trade is the WisdomTree Japan Hedged ETF (DXJ), it offers exposure to Japanese stocks without exposure to the yen. Since Mr. Gundlach's call, the ETF is up 30%.