Jeffrey Gundlach and Elon Musk recently joined Wood's camp in calling for a decline for prices, expressing worries that the Federal Reserve might go too far.
"There's an economic war, technology war, regulation war going on with the United States, [but that] could be temporary," said the billionaire investor.
U.S. markets had a meltdown, but that won't last long, says one strategist. He adds that investors should forget energy stocks and "buy fear" in another sector.
