KEY TAKEAWAYS FROM THE JEFF GUNDLACH CONFERENCE CALL

Bond guru Jeff Gundlach offered some macro insights on today’s conference call.  I’ll cut straight to the chase with the key takeaways:

• His favorite investment right now is natural gas.  He says it’s like buying gold in 1997….
• Buy stocks when they’re in the single digit PE range.
• QE3 is already underway in operation twist.
• Still worried about the national debt….
• Europe remains the biggest risk to the equity markets.
• The biggest risk to his funds and outlook is surging interest rates.
• The Fed won’t raise rates unless inflation kicks up further.
• Believes rates will remain low to stable.