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TheStreet Open House

Jeffrey Gundlach Live Blog: Nikkei's Going to 14,000

NEW YORK ( TheStreet) -- A lot has changed in the past few weeks as illustrated by massive gyrations in bond yields and volatility in Japanese markets that feels like roller-coaster at full speed.

Things have gotten so interesting that DoubleLine Capital's Jeffrey Gundlach decided to give another investor presentation just three weeks after his last one.

In the previous presentation, entitled, "What in the World is Going on?," Gundlach talked about the Japanese Yen, the Japanese market's volatility, the Fed's posturing about possible curbing of bond-buying program as well as his thought on where the yield on the 10-year U.S. Treasury may be headed, the housing market and real estate investment trusts.

In the new presentation, Gundlach noted that the recent volatility we've seen in the markets seems to be passing as interest rates have begun to back off their recent highs. Gundlach also noted that the Nikkei, which corrected sharply in mid-May, is likely to go back towards 14,000, but then go lower after that.

Gundlach spent much of the call talking about the Treasury market as yields have increased in recent weeks. He says the yield on the 10-year U.S. Treasury is likely to go lower by the end of the year, eventually hitting 1.7% at some point.

TheStreet live-blogged Gundlach's latest presentation, starting at 4:00 PM EST.

-- Written by Chris Ciaccia in New York

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