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Fed's job is not to hold your hands and float your portfolio. Start getting burnt and learn how to properly do stock valuation now.
A correction is a positive thing, pe's are too high to be sustainable!
And it shouldn't. Ultra low rates are simply storing up problems for the future.
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Mohamed El-Erian: Stock market rout will not derail further Fed rate hikesWanna bet? 👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻
Source: MarketWatch - 🏆 3. / 97 Read more »
The pressure on business leaders to attend Saudi conference is 'mixed', says Allianz's El-Erian'What I find fascinating, is the market reaction, it's not that much,' elerianm comments on the Saudi investigation into the Khashoggi case and pressure on business leaders to attend next week's Saudi investment conference. elerianm The fact Mohammed doesn't discuss the dangers of negative interest rate sovereign paper erodes his credibility elerianm 🌆📼🔡📢📣📢🔤📢⛪⛪
Source: CNBC - 🏆 12. / 72 Read more »
Global stock market sell-off won't stop the Fed from hiking interest rates, El-Erian saysA recent global stock market sell-off won't be enough to persuade the U.S. central bank to stop raising interest rates, noted economist Mohamed El-Erian told CNBC on Wednesday. Vote humanity, Vote one world, Vote yourself... Welcome to 2030, 🌎 Kash2030 has already changed the World forever. ▶︎ Watch the video… Trump will blame them. And Trumpians will follow. Haha yea. Their mandate is built around the stock market. This slide keep going then they will have to act. No hikes next year or December. Stamp it.
Source: CNBC - 🏆 12. / 72 Read more »
El-Erian: Fed chief Jerome Powell is trying to break the market's central bank 'co-dependence'Powell would likely say 'it's about time the markets stand on their own feet' in response to stocks sinking Wednesday following his press conference, economist Mohamed El-Erian says. elerianm His dual mandate is intrinsically linked with the overall health of US equity markets. elerianm The markets have been thriving on the sugar rush from the high levels of cheap liquidity. This is the crash from that rush. elerianm I wonder if it occurs to anyone both how futile and stupid that is. The Fed's mandate is to effect both inflation and unemployment which the market is very interested in and affected by.
Source: CNBC - 🏆 12. / 72 Read more »