Gundlach Says `Protracted Decline' Is Coming for S&P 500 Index
Hedge Funds Are Attempting to Buy the Dip
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Investors should be prepared to sell into an eventual rebound to avoid further losses in the falling stock market, according to Jeffrey Gundlach, chief investment officer of DoubleLine Capital.
“I expect a protracted decline in the S&P 500,” Gundlach said Wednesday in an e-mail message responding to questions from Bloomberg. “Investors should sell the bounce-back rally which could come at any time.”