"I'm waiting for something to go kaboom," says Jeff Gundlach, sitting on 17% cash and a very...

|By:, SA News Editor

"I'm waiting for something to go kaboom," says Jeff Gundlach, sitting on 17% cash and a very short duration in his Total Return Fund. "If phase 3 takes two years (Phase 2 was the 2008 collapse), it's worth waiting for. The markets don't have lots of opportunity now."