Last year Gundlach told everyone at the Sohn conference to go long emerging markets, short SPY. I could deal with that rec and accept it, even from a disgusting, filthy, bond guy — such as himself. But this year he’s gone too far.
At the Sohn conference this afternoon he told people to short Facebook and to get long oil stocks.
The details are as you would expect — Facebook is a public relations nightmare, an evil corporation spawned on earth to spy on and control the populous. I love how FUCKED FACES like Gundlach are just learning about this now in 2018. We all knew Facebook was doing this and those of us who were keen to their schemes avoided the platform altogether.
All of the socials are honey pots to fetter out dissidents.
As for the oil trade, I imagine he believes bond yields are heading higher because so is inflation. Higher CPI usually means higher commodity prices. Again, only a fucking retarded chimp goes on stage and says these things to a group of top hatted gentlemen.
I follow a strict code of conduct when eating at niche restaurants and I think it applies here.
Never order a steak in a seafood house.
Never order the fish in a steakhouse.
And here, don’t take stock advice from a bond salesman, especially when he’s shilling for adoration in a crowd filled with bumbling, sycophantic, idiots.
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At least B. fucking Gross stays in his lane.
He’s been saying to buy commodities in general since at least 12-13-17. DBC has returned almost 10% since then.
He now probably wishes he had gotten stupid long XIV and chased crypto proxies, however.
No mushroom cloud yet? Borrrrrrrrrrrrrrrrrrrrrrrrrrrrrinnnnnnnnnnnnnnnnnngg.
“Never order a steak in a seafood house.
Never order the fish in a steakhouse.
And here, don’t take stock advice from a bond salesman”
+1
BTW, did you see the 60Minutes FB nightmare? They interviewed the guy that wrote the data-mining CA app as well as a FB former exec who said:
1) FB knew eactly waht I was doing (selling user data), because it was in the terms of service I wrote
2) FB apps do this* all the time
3) My partner who helped develope the app now works for FB
*ask permission from your ***friends*** to share ***your*** data
In reference to:
‘those of us who were keen to their schemes avoided the platform altogether. ”
Do you avoid these shcemes, too:
– GMail emails are data mined, as well as Google searches
– iPhone/Android location data is shared with apps all the time
– Amazon sometimes knows if you are pregnant before you do, based on your buyign habits
– NFLX and the cable companeis know what shows you watch, and what times you watch them
It is MUCH more invasive than this. Most of your list is pretty obvious stuff.
They use AI to translate, break down, and record everything your mic picks up, everything your camera sees. They record everywhere you go and at what time. They record whose devices are regularly in contact with yours not just from a text/call perspective but from a GPS one as well. They record all of your texts, every URL, every search.
Every single thing you do on your device is captured in data sets and translated via AI and *preserved.*
Storage is cheap.
And after all of that I amazingly still see ads for stuff I already bought.
Still in the early innings.
They will catch-up. Believe me they will catch-up.
Wow, almost forget: Echo, Siri, Alexa, Cortana, Smart TVs, Smart Cars and other hardware and software that stealthly listens and watches everything you say (or do) in your home and probably your next car as well.
All of the socials are honey pots to fetter out dissidents. <——FACT
The only thing Gundlach truly believes is that this bond bull will eventually end.
And when it does he wants his AUM to be diversified enough so he can continue to collect consistent rents from clients.
Everything else is just marketing.
They should really change the name of the industry to asset gathering, instead of asset management.
Because FB is so yesterday, totally. Ask your kids.
I agree, shorting FB will likely be a big winner…but it could take years.
I say it goes under 50 in 3 years.
Gundlach was a little bat shit crazy on Twitter for awhile. I think he’s calmed down since last year.
FANG will be TANG (Tesla) by 2020
TSLA as a car company is a short, no question. They make great cars, but their profit margins are way too thin (negative without governement support) and they haven’t shown that they can mass-produce vehciles. The major car companies will quickly catch up and surpass Tesla.
However, the reason I haven’t shorted these shares to a significant extent is because their leader (Musk) and their technical staff are extremely innovative. By 2020, Musk may decied that building cars is a bad idea and instead build batteries alone, or license their technologies to others. That is where the value of the company lies, not in manufacturing production vehicles..
Also, the TSLA brand has quite an army of fanboys who beleive that they can do no wrong. High stock prices and valautions just serve to further justify high prices and valuations in an absurd feeedback loop (see NFLX and AMZN for other examples). It will take quite a beating for these investors to accept reality. So far, every dip for these stocks has been a buying opportunity. Until the maket as a whole moves to full bear (as opposed to the interim stage it is in now), there will nto be enough downward momentum to keep these stocks down.
AMZN earnigns on Thursday. Here is what I expect: great profit, huge growth, probably beating expectations to some extent. Will it be enough to close above $1600 this week, or will the negative spin outweigh the positve? We’ll see. It will also be intersting to see if Amazon Retail has another losing quarter: that will be indicative of pricing pressure and a weaker consuemr, which doesn’t bode well for the economy as a whole.
I once bought tons of stuff on AMZN. Now, I can almost always find it elsewhere cheaper. Sometimes, much cheaper. I’m not renewing my PRIME after it expires.
That may have been part of the design. To wit, convince people that AMZN has low prices so they stop looking elsewhere. Then, jack up the prices. Sucka…
Disagree. The filet at Joe’s Stone Crabs is awesome.
Also, I’ve had numerous instances where I’ve had a conversation with someone and later on, usually inside 24 hours, I get a promotional email or a suggested post on facebook about the topic or item I was conversing about.
And never take political advice from a stock trader.