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.

Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds. Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.