From Newsmax:
The decline in stock prices that took the Dow Jones Industrial Average down nearly 7 percent so far in May may continue, says Mohamed El-Erian, CEO of money management titan Pimco.
Investor fears that the European debt crisis will stunt global economic growth could spark a sustained swoon by stocks, he says.
“This is not a typical retracement,” El-Erian said.
“We are in uncharted waters on account of several issues, including..."
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