"I think we are going to get something that resembles that panicky feeling again during the month of April,"Gundlach said.
"That's why you should be playing defense right now," says Doubline Capital CEO and renowned "Bond King" Jeffrey Gundlach.
Jamie Dimon and Jeff Gundlach are among those sounding the alarm on a spike in interest rates that would rough up the stock market.
"The corporate-bond market will really have problems when you see negative GDP," Gundlach said.