Short-term investors should sell stocks and get ready for a drop in the market this summer, Jeffrey Gundlach, CEO and CIO of DoubleLine, said Tuesday. "If you're a trader or a speculator I think you should be raising cash today, literally today. If you're an investor you can easily sit through a seasonally weak period," Gundlach said on a call discussing DoubleLine's Total Return Bond Fund. Gundlach reiterated his expectation for a summer correction in the U.S. stock market, while Treasury yields rise. U.S. stocks have climbed to record highs, while volatility has remained historically low, raising concerns for many ... (full story)