Why El-Erian Is Moving To Cash: “We’ve Priced In No Policy Mistakes”

by Tyler Durden
ZeroHedge.com
Dec 21, 2016

Echoing Bill Gross’ recent urging that investors “move to cash” and Jeff Gundlach’s “there’s going to be a buyer’s remorse period”, amid this glorious Trumpian utopia, Gross’ former colleague Mohamed El-Erian agrees that now’s a good time to take advantage of the latest rallies in global financial markets and scale back from risk.

“It makes total sense to take some money off the table,” El-Erian, the chief economic adviser at Allianz SE and a Bloomberg View columnist, said Tuesday.

>“We’ve priced in no policy mistakes. We’ve priced in no market accidents, and we’ve ignored all sorts of political issues,” noting that he held about 30 percent of his own money in cash.

The Rest…HERE

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