Bond King Message: Jeffrey Gundlach, CEO of DoubleLine,

That's the gloomy outlook Jeffrey Gundlach, CEO of DoubleLine, delivered to CNBC CNBC Interview Monday April 27 on Monday as the stock market staged a strong rally in the face of what he believes is too much optimism.

"People don't understand the magnitude of... social unease... that's going to happen," Gundlach explained. "We've lost every single job that we created since the bottom in 2009."

With that in mind, he revealed that he just shorted the S&P at 2,863.