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.

To carry on reading click here.

--

--

--

Owner at adamfayed.com.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

How ‘one of the most effective organizations in Haiti’ is breaking the cycle of poverty — and…

MicroMoney for People & Big Data for Business

After the Outbreak

May 7 — Lucrative incentives, innovative payment plans and freebees are tempting investors and…

Forex — A comprehensive Discussion

The ‘Overwhelming Force’

Capping energy bills won’t kill competition

Technology’s Impact and Perpetuation of Economic Inequality

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Adam Fayed

Adam Fayed

Owner at adamfayed.com.

More from Medium

5 Scary Facts About Inflation In Fort Collins

12 Shows to Watch on Your Way to Financial Freedom

Reasons to Invest Capital Yourself

THEME: April Fools’ edition — Time travel, caffeine, Zootopia, yippee-ki-yay, AI, Loki, and the…