OTHER VOICES

"This is not a trader's market," Gundlach said. "It is a freight train that you want to stay in sync with. There's too much order and belief in markets in spite of big losses."

He said equities are in a bear market, with the Nasdaq down 18.3 percent from its highs and "many, many, many stocks down over 25 percent from their highs." On Monday, the Dow Jones industrials average was down more than 200 points.

These are some of the remarks bond guru Jeffery Gundlach, the billionaire leader of DoubleLine Capital, made yesterday about the current economic trend investors are trying to muddle through. Calling it a freight train that you don't want to get out of sync with, in our view, is the ultimate contrarian point that the Fed and their MSM cheerleaders have been on the wrong track and most probably still are, something investors will be seeking to find out tomorrow when we get more Fed speak.

.reuters.com/article/us-doubleline-gundlach