'Bond king' Jeffrey Gundlach on recession risks, the stock market that's a long-term buy, and how often investing pros need to be right to survive

Last week, David Rosenberg of Rosenberg Research held a Q&A webcast with DoubleLine CEO Jeffrey Gundlach, the billionaire investor known as the "Bond King." The following are some excerpts, which have been edited for brevity and clarity: Jeffrey Gundlach: Well, the first question I seem to get when I meet with clients or with the media is how come there's been no recession when everyone's been predicting the recession. And I say I think it's because the M2 [money supply] growth that had been so steady pre-pandemic all of a sudden [went up to] $7 trillion. … All of a…