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"We Are Sitting On An Incredibly Important Turning Point"

Last week in hislatest Doubleline webcast, Jeff Gundlach presented a remarkable chart, one showing that the ratio of the Nasdaq to the S&P 500 has been pulled lower and is now right on its dot com bubble peak levels.Picking up on this chart, over the weekend in his latestBear Traps Report, Larry McDonald wrote that "we are sitting on an incredibly important turning point"adding that "the world’s first and second most liquid and arguably most important stock indices are sending important rotatio
"We Are Sitting On An Incredibly Important Turning Point"

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