EL-ERIAN IS BULLISH ON THE STOCK MARKET BUT SAYS THE BIGGEST THREAT IS CORPORATE BANKRUPTCIES
I read an article with some amusement today oil FN London. The chief economist at Allianz, Mohamed El-Erian, is now bullish on the stock market.
Previously during the worst of the stock market meltdown in March, when the Dow was trading at 18,000, he warned about getting in to the market at those lower valuations because “this time is different”.
He appears to be bullish on US Markets now, with the same markets trading at record highs, or at least approaching record highs in the case of the S&P500 and Dow Jones.
“Mohamed El-Erian, chief economic adviser to Allianz, has warned that the world’s biggest economies are at risk of repeating the mistakes of the global financial crisis as they battle the fallout from the coronavirus crisis.
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