Apple Inc. (AAPL) Falls After Gundlach Recommends Short Again

Jeffrey Gundlach, CEO and CIO at Double Line Capital, shocked the financial world yesterday by recommending investors short Apple Inc. (NASDAQ:AAPL). Gundlach is known as the Bond King, and has built his firm from zero to $35 billion in just a few years due to his solid returns.

The recommendation has added to the downward trend the company has been seeing in it's stock price since just after its announcement of great earnings for the company's second quarter. In the immediate wake of the earnings announcement the shares shot up to above 600. At time of this article the company is trading at 530.

Gundlach has relied on precedent in Google's stock price, as...