10 spot-on predictions by Jeffrey Gundlach
The date
May 2012
The details
As Apple (APPL) was enjoying its meteoric rise last year, Mr. Gundlach was one of the lone dissenters. He repeatedly questioned how much longer the stock could keep it up. In May, when the stock was trading at $542 and already up 33% for the year, he compared it to Google (GOOG), which saw its shares shoot up to $700 before falling back down to earth in 2007. The parallel between the two tech giants turned out to be nearly perfect since $700 was when Apple hit its breaking point too. Apple was still trading above $500 a share when Mr. Gundlach doubled down on his prediction in January and said it was headed to $425 a share on CNBC. Apple closed at $423 a share on April 5 of this year.