Stocks are 'pretty overvalued' – and a recession is likely to hit in the next 9 months, says billionaire investor Jeffrey Gundlach

Stocks are far too expensive and a recession will probably hit within the next nine months, Jeffrey Gundlach says.  "I think the market is pretty overvalued," the billionaire CEO of DoubleLine Capital said on a recent company webcast. "It's hard to love equities when the risk premium is the lowest in 17 years, by a lot."