Mohamed El-Erian: The stock market could still go back down to new coronavirus lows

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'I don't think we're forming a bottom yet. I think we're going down at a slower rate,' Allianz's Mohamed El-Erian said Friday.

The stock market could still touch new lows as uncertainty around the coronavirus pandemic persists, Mohamed El-Erian argued Friday.

"Either we get a really sharp fall or, alternatively, we get good news on the medical side. That good news is starting to happen, but hasn't reached critical mass," he argued.recorded its recent low of 2191.86 on March 23, which was about 35% lower than the index's all-time high in February. The S&P 500's Thursday close of 2,526.90 is about 15% higher than the March 23 low.

The uncertainty around the situation makes it likely for investors to make mistakes, El-Erian said. He said investors should ask themselves which mistake they can afford: Being too early or being too late.

 

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Guarantee he’s short somewhere

this guy changes his outlook every day. he’s trying to manipulate market.

C'MON JIM, HIT HER

A Big manipulattion now un live, us500 Dow jons Will up with Bad data in NFP , who play with this Terrible

Oh Jim, please. Then why did she push The Green New Deal in her bill STICK IT TO HER

This is extremely important for young investors to understand. We have a long way to go...and elerianm that age old saying (5%) is more like 10-15% today because of unbelievable volatility 😂😂

It could go up, it could down, it could go sideways.........

Thank you for having Pelosi on before her first drink. But she still is a disingenuous partisan. Why don't you shove this up her 6:

Doesn’t take a genius to make that assumption

I say this too, but I’m not on the tv machine.

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 /  🏆 12. in TH

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