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PIMCO's El-Erian Thinks Stocks Will Tread Water (at Best) for a While

August 13, 2013 | About:
Canadian Value

Canadian Value

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El-Erian thinks that high yield bonds and stocks have priced in a lot of good news and are now just treading water.

That is risky for investors because there are a lot of uncertainties that are coming in the fall.

El-Erian thinks that the key issue that the market is going to be watching is whether the Fed is going to start to taper in the fall or if the tapering will get pushed further out.



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Canadian Value
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