Gundlach: “I See The S&P Going To 1600”, Bashes Hillary Clinton
by Tyler Durden
ZeroHedge.com
05/13/2016
Gundlach told Reuters that the with the S&P500 rangebound around 2,050 for some time, “it’s tough to get much of a rally off of price-to-earnings this high with earnings falling and the Fed itching to tighten with GDP growth already projected to decline,” he said. In keeping with his recent skepticism, he said that his forecast on the market remains a gloomy one: “I’m sticking with my ‘2 percent upside and 20 downside’ prediction on U.S. stocks…. it’s working, I can see it going to 1,600.”
The Rest…HERE