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Join Jeff Gundlach In A Discussion Of Whether "Risky Assets Are Cheap Enough"

Tyler Durden's picture




 

Today, at 1:15pm Pacific Time (4:15 EDT), the head of DoubleLine Funds, Jeff Gundlach will hold an open discussion and webcast on the question of whether risky assets are cheap enough. Among the headline topics will be what the most efficient portfolio allocation for the current market going forward is (for those who missed the efficient frontier including real assets, gold appears to have been the best performer over the September 2008-September 2011 with a comfortable margin especially over equities, period much to the chagrin of various naysayers).

Anyone can join the webcast at the following link; phone lines will also be made available at (877) 407-1869 or for international calls (201) 689-8044. Full webcast presentation of the webcast presented below.

Risky Assets Cheap Enough

 

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Tue, 10/11/2011 - 13:24 | 1761575 Smithovsky
Smithovsky's picture

Short answer:

Not "cheap enough" yet - everything except PMs will be at least 50% cheaper in a few months.  

Load up on physical while it's still available.  

Tue, 10/11/2011 - 13:17 | 1761579 SheepDog-One
SheepDog-One's picture

Sure buy stocks, theyre 'cheap', since $25 trillion in printing has gotten 'cheap stocks' right back to where they were....in 1999. 

Step right up! Place ya BETS! Stocks are real cheap, see? Dont worry, the casino surely isnt rigged or anything, and everyones a winna!

Tue, 10/11/2011 - 13:22 | 1761603 HelluvaEngineer
HelluvaEngineer's picture

Yeah, lemme check.  CRM has a P/E of 624.88 according to Yahoo.  It's up 2% today.  Should I buy in now?

Tue, 10/11/2011 - 13:25 | 1761616 SheepDog-One
SheepDog-One's picture

WHOA! Only a 623 P/E? WOW thats a LOW PRICE!!

Tue, 10/11/2011 - 13:36 | 1761669 HelluvaEngineer
HelluvaEngineer's picture

Don't wait until it's 1200.  One day everyone will work for salesforce.com.

Tue, 10/11/2011 - 13:17 | 1761582 GeneMarchbanks
GeneMarchbanks's picture

(for those who missed the efficient frontier including real assets, in which gold appears to have been the best performer over the September 2008-September 2011 period much to the chagrin of various naysayers).

I bet it continues, this is the warm-up.

Tue, 10/11/2011 - 13:21 | 1761599 SheepDog-One
SheepDog-One's picture

Real hard useful assets continue to climb. For instance, I bought my first military rifle an HK-91 in 1999 for $900....today that rifle sells for over $3,000. 7.62 ammo I used to buy for around $30 for 100 rounds, military surplus. Now its 3X that.

However stocks, even after $25 trillion has been printed and pumped in, are at the same level now as 1999. Suckers game.

Tue, 10/11/2011 - 13:23 | 1761608 HelluvaEngineer
HelluvaEngineer's picture

You're forgetting that 2% yield!

Tue, 10/11/2011 - 13:17 | 1761588 disabledvet
disabledvet's picture

I have a question!

Tue, 10/11/2011 - 13:24 | 1761609 SheepDog-One
SheepDog-One's picture

I guess 'risk assets' are cheap enough, for fools and degenerate gamblers. Whatever.

Tue, 10/11/2011 - 13:29 | 1761636 socratesplus
socratesplus's picture

that would be pacific time

Tue, 10/11/2011 - 13:35 | 1761663 Belarus
Belarus's picture

The only panic happening in U.S. markets is the shorts wetting their pants. Therefore, we're heading toward hope and euphoria as all the sheep are now getting nervous they're going to miss the big fall rally. 

The crash is coming folks. But it's not happening this year. 

Tue, 10/11/2011 - 13:59 | 1761763 Fred Hayek
Fred Hayek's picture

And, by corollary, are the assets with no counter party risk as expensive as they ought to be?

Tue, 10/11/2011 - 14:06 | 1761788 topcallingtroll
topcallingtroll's picture

I think i sold gold too early, but gold does not seem cheap right now.
Brazil seems cheap, considering their low debt and need for infrastructure spending before the olympics.

I have everything riding on ewz now. PE of 8. Dividend yield close to 7 percent.

Tue, 10/11/2011 - 14:16 | 1761835 CapitalistRock
CapitalistRock's picture

You didn't sell gold. You bought something with your gold. What were you unfortunate enough to buy? It sounds like you may have been enticed by a sales pitch to buy fiat paper with your gold.

Tue, 10/11/2011 - 14:19 | 1761846 brandnet
brandnet's picture

They changed the presentation number.

Tue, 10/11/2011 - 17:59 | 1763060 knukles
knukles's picture

Shit, I missed the podcastthingie.  Help me out here.
Did anybody ask him about his dildo collection?
Does he still have it?
Why did he keep it?
Is he attached to it?
Could he describe the different high points of the collection?
Any of which you're particularly fond?
With whom have you shared?
Does the collection have its own curator?
Is it insured?
Would you say yhat at any time it has aided the investment decision making process?

Why?

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