Calls current stock market still overbought
Doublelines Jeffrey Gundlach, known for his bond trading prowess is on the wires talking about stocks and bonds
- US stocks not in a deflationary bear market because bonds aren't rallying as stock prices fall
- we don't have anything resembling a panic low in US stocks; even with the selloff, market is still overbought
- investors should avoid US investment – agree corporate bonds, focus on capital preservation
- bitcoin is the embodiment of the fringe of speculative instinct and poster child for access current market environment
