Gundlach's presentation stating the S&P has never risen 7 years in a row - therefore presumably won't go up in 2015 and you should buy some more of his bond funds - has been getting some attention lately.
But in fact you only need to go back to the 1990's to discover that the return on the S&P was positive 9 years in a row.
Ironically enough for a bond manager, the King of Bonds no less, this is because Gundlach ignores the yield on the S&P.
Now I don't know whether the market is going up, down or sidewise this year. But the S&P dividend yield is higher than the 10-year right now, so I certainly wouldn't be buying what Gundlach is selling. Especially if it's secondhand, ugh.
"Pundits and news celebrities on the airwaves engaged in fevered speculation about whether the wife of a former president will run for office; and this, after the mediocre son of another president spent eight years in the White House; and whether or not she will possibly face a nominee who is the brother of one president and the son of another. The capture of political and economic power by a tiny cabal of elites is characteristic of the twilight of all empires, including ancient Rome, where a small group of oligarchic families exchange power among themselves as civic institutions became a farce and the state disintegrated under mounting repression, corruption and the folly of endless war." Chris Hedges