"Fear and loathing" best describes market sentiment toward risky assets today, a huge divergence in attitude from one year ago, prominent bond fund manager Jeffrey Gundlach said on Thursday.
The psychology among investors has changed since last summer, when people were willing to stomach volatility for income, said Gundlach, CEO and chief investment officer of DoubleLine Capital.
Today, it seems investors aren't interested in volatility at all, he said.
