Jeffrey Gundlach Says Stocks Have Further To Fall

By MarketWatchMarketWatch Pulse

U.S. stocks are likely to see another wave of heavy selling pressure before the market correction runs its course, DoubleLine Capital co-founder Jeffrey Gundlach said Monday, according to Reuters. The widely followed investment manager said U.S. equities are in a "mode of uncertainty, at best," and that markets "don't correct all of this in three days," according to the report. U.S. stocks are sharply lower in volatile trade, with the S&P 500 down 3.8% at 1,896.70 and the Dow Jones Industrial Average down 610 points, or 3.7%, at 15,850.

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