Are headlines comments suggesting that many assets classes 'look' (an extremely dangerous word in this business) frothy under a backdrop of extreme complacency opinion or fact? As facts, they'll likely keep a tentative majority worried and sidelined in cash as stocks approach the historically volatile fall session.
Only a select minority will recognize them as biased opinion not confirmed by the message of the market.
US Stock Valuation (Review of Dividends)
Extreme Complacency (Review of Sentiment see chart 3)
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Headline: 'Sell everything,' DoubleLine's Gundlach says
NEW YORK (Reuters) - Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Friday that many asset classes look frothy and his firm continues to hold gold, a traditional safe-haven, along with gold miner stocks.
Noting the recent run-up in the benchmark Standard & Poor's 500 index while economic growth remains weak and corporate earnings are stagnant, Gundlach said stock investors have entered a “world of uber complacency.”
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