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'Bond King' hints at big money if stocks fail to stay near current highs

Mr Gundlach, who is known for his bold, prescient predictions including last year's oil-price plunge and China's slowdown, has defended his stance on high-yield junk bonds.

New York

JEFFREY Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday there is "big money" to be made on the "short side" if equities fail to stay near current highs.

Mr Gundlach, who oversees more than US$100 billion at Los Angeles-based DoubleLine Capital,