El-Erian argued investors should be selling companies that face the real prospect of bankruptcies due to the economic shock from the coronavirus, which has now infected"We're going to have bankruptcies, and bankruptcies unfortunately destroy the capital structure completely," he said.
But El-Erian said there are other stocks he is "comfortable" buying right now as all three major U.S. indexes remain more than 20% below their all-time highs in February. These companies "have rock-solid balance sheets. They have a ton of cash. They're cash drain is very limited, some of them are still accumulating cash," he said. "These are not only going to survive. They're going to emerge to a landscape that speaks to their strengths.". As of 8:01 a.m., futures for the Dow were barely negative while S&P 500 and Nasdaq futures were modestly higher.
El-Erian must be a stock owner trying to preserve those profits. I feel ya big E, try and make a statement so bold 2 weeks into a pandemic and with 85% of the country on “lockdown” you must be a stock market Nostradamus or just trying to manipulate which is normal. coronavirus
Can you take the all 7.6 billions in your market to eat them, to business them, to communicate with them...
Very simple... u come back to the world.. u lost your job.... u dont have money... u sell everything ... SELLING WILL CONTINUE LATTER ... LEARN HISTORY.. GO ON YOUTUBE and search for the depression on 1929 ...nice video 2 parts.
So what companies does EE like right now?
EL-Erian: We HaVe No ClUe WhAt We ArE sAyInG 🤪
Sell everything has passed. More fatalities are baked in. BUY BUY BUY DON’T BE SHY!
Nope...the sell everything hasn’t passed...unless you are telling me April’s fatalities will not surpass what we are seeing now...😷
What does it mean anyway . It is always true . Never sell everything and never buy everything !!!!!
Kids look for a rainbow We have to show hope Like Forest Gump When people are afraid, Buy cheaper stocks. Australia stocks + 7%up United States is strong Will resurrect as soon as the infection is over
Dude this is going to extend through April or longer..
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