The Simple Reason Mohamed El-Erian Has Most of His Money in Cash
"...there is a massive gap right now between asset prices and fundamentals"
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In an interview with the Orange County Register, Mohamed El-Erian was asked about everything from life after Pimco to where he is currently putting most of his money. Rather than putting most his money in stocks or bonds, El-Erian reveals that most of it is actually sitting in cash. And the reason is simple: pretty much everything else has gotten too elevated.
The full interview is here.