'Bond King' Jeff Gundlach says a buy-the-dip signal is coming if the market's fear gauge hits this level

'Bond King' Jeff Gundlach says a buy-the-dip signal is coming if the market's fear gauge hits this level

: Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal via Getty ImagesJeff Gundlach is waiting for the market's fear gauge to hit a key level before buying the dip in stocks.If the VIX index were to hit 40, that's a sign stocks are sufficiently "washed out," he said.Gundlach said he thinks the broader market is going through a "revaluation phase."There's one number in markets that could determine the path ahead for stocks — and it's not the price of …