Wednesday, May 23, 2012

 
 
 

 
 
 
 
 
Bond giant Pimco: U.S. stocks to crash again
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Tuesday, June 01, 2010
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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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Topics: Pimco | Stocks
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