John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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roguedolphin

To: robert b furman who wrote (17941)	3/18/2016 10:41:45 AM
From: John Pitera	2 Recommendations Read Replies (1) of 33421

Hi Bob and Chip et al... It would/will be catastrophic for the Markets if the UK leaves the E U. London is the world's biggest deepest foreign exchange market and their Investment banking activities are equal to New York in so many aspects... If a number of heavy weight Investment and trading banks need to leave the city in London... Brussels...... it will be very very bearish for the Global Capital Markets..... you Know I saw Doubleline equity fund was closed last week due to heavy inflows and Jeff Gundlach has been really do well with his bond fund.... I would not want to be on the other side of his bet of 2% up and 20% down.. and his statement... that these lines will converge... =========== This Is Jeff Gundlach's Favorite (& Scariest) Chart Tyler Durden's pictureSubmitted by Tyler Durden on 03/09/2016 23:00 -0400 According to DoubleLine's Jeff Gundlach, this is his favorite chart - backing his persepctive that equity markets have "2% upside and 20% downside) from here. In his words: "These lines will converge..." Chart: Bloomberg It should be pretty clear what drove the divergence, and unless (and maybe if) The Fed unleashes another round of money-printing (or worse), one can't help but agree with Gundlach's ominous call. I don't like the idea of a Brexit at all. John

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