Pimco- PIMCO: Stocks set for a sharp drop soon

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PIMCO: Stocks set for a sharp drop soon

Tuesday, December 29, 2009
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From Newsmax:

Homes are selling at their fastest clip in nearly three years, the unemployment rate is falling and stocks are up 66 percent since their March lows the best performance since the 1930s.

What's not to like?

Plenty, according to Mohamed El-Erian, chief executive of giant bond manager Pimco.

The investor says the recovery may be gaining steam but is no different than a kid who eats too much candy at one of the birthday parties his 6-year-old daughter attends.

"We're on a sugar high," El-Erian says. "It...

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Topics:		Pimco \| Stocks

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