Gundlach blames Bernie Sanders for sell-off, cites 'dark side of momentum investing'

[David__77]

KEY POINTS

The DoubleLine Capital CEO and Wall Street "bond king" is blaming this week's market sell-off on Bernie Sanders' rise in the national polls.

"If this stock market reversal is due exclusively to the virus, then why is United Healthcare down far more than [the S&P 500]?," Gundlach wrote in an email to CNBC's Scott Wapner.

It's not the first time Gundlach has taken a shot at Sanders. He has already called the Democratic presidential hopeful the biggest risk to the financial markets in 2020.

https://news.google.com/articles/CAIiEIclxZ_np7FSTDaBlXvUNyIqGQgEKhAIACoHCAow2Nb3CjDivdcCMJ_d7gU?hl=en-US&gl=US&ceid=US%3Aen

[Nanjeanne]

1. I heard Bernie was in his basement concocting the Coronavirus. E wry thing is his fault!

[PatrickforO]

2. Ah, permit me to say that Gundlach is a Wall Street greed-head lizard

A parasite.

What is good for Wall Street is not necessarily good for Main Street.

That's been the problem all along. We cater to these big-government socialists on Wall Street, while us little people have to be rugged, rugged individuals who pull ourselves up by the proverbial boot straps, and the more we mistrust and hate each other, the less likely we are to see how utterly worthless guys like Gundlach actually are in terms of adding ANYTHING of value to our lives.

[Maeve]

3. And I'm sure that explains the drops in the Nikkei and London markets, too

[bucolic_frolic]

4. Even I will admit that is ridiculous

This market downturn is purely Corona Virus after a Bullish Blow off top. It's been going up with QE4 money forever!