Mohamed El-Erian is one of the smartest investment experts in the business. In this video he says that the recent stock rally is essentially “a sugar high” based on unreasonable expectations. He makes a good point in that most of the positive earnings results this quarter were due to cost cutting and not [...]
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El-Erian Says… Don’t Drink The Cool-Aid
Here’s another interview with Mohamed El-Erian on CNBC. Most of it is a restatement of his thoughts from his previous interview which I posted a few days ago… nevertheless, I felt it’s still worth posting. Basically, El-Erian is saying the markets are on a sugar high and it’s unsustainable. I agree with the [...]