Friday, August 14, 2009
Market Has Gotten Way Ahead Of Reality
Markets are down today on the negative Consumer Sentiment Report. ~read story~
Over the past several blog posts, I've suggested taking some money off the table and to hedge via the ProShares ETFs. The markets have gotten ahead of themselves, as Mohamed El-Erian comments on CNBC. I agree with his views, but look as the "pullback" as an opportunity to add to enter to the market.
Video Clip: Mohamed El-Erian CEO, CEO and co-CIO of Pimco, shares his outlook on the markets and the economy.
*click on charts to expand images