Mohamed El-Erian: Stocks will go lower from here
"Most people haven't priced in the uncertainty surrounding the duration and severity of the shock, how long it will take to get the money that's being pushed out by policies into the hands of businesses, how tricky the restart is, and finally, the post-crisis landscape.
Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at Salomon Smith Barney/Citigroup in London and before that, he spent 15 years at the International Monetary Fund in Washington, D.C. His book, When Markets Collide: Investment Strategies for the Age of Global Economic Change