Mohamed El-Erian says he is avoiding stock market uncertainty: CNBC - Business Insider

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Mohamed El-Erian says he's steering clear of the market's rally as he doesn't know when the next 'anchor' for stocks will come

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The economist, who has authored a book called "When Markets Collide: Investment Strategies for the Age of Global Economic Change," said in his interview that once he is comfortable putting his money to work, he will turn to areas "under the umbrella." El-Erian said: "There's two types of umbrellas out there. If you are comfortable with moral hazard, the umbrella support by the Fed, which involves high-quality bonds and certain high-yield bonds.

"If you're comfortable with a market-based umbrella, it is companies with a very strong balance sheet and positive cash-flow generation. There's quite a few of them ... out there, and I suspect they will continue to do well, albeit in a very volatile fashion." He said the big question is "what is the next anchor for markets?" and believes the volatility will persist until that is identified.From a late-night infomercial to a 1,040-unit empire worth $188 million, how Jacob Blackett perfected his real-estate-investing strategy after losing $70,000 on his first deals

 

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really? Makes no sense.

new clique for Mohamed

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