Coronavirus is going to 'paralyze China' — El-Erian warns against buying dips

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'It is big. It's going to paralyze China. It's going to cascade throughout the global economy,' said the Allianz chief economic advisor.

is warning investors not to buy declines in the stock market like they might have done before the coronavirus.

"For a long time I though the market sentiment was so strong that we could overcome a mounting list of economic uncertainty," El-Erian said on"But the coronavirus is different. It is big. It's going to paralyze China. It's going to cascade throughout the global economy."

 

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I believe El-Erian was overrated $spx $ndx $faang

Wait, he won’t be asked back

He was politely saying that we are entering a s**tstorm

The secret of what moves the stock market in one direction or another remains a secret! It's just pure bullshit, yanking individual investors around by a flock of sheep. I pity the fools.

Yes, be careful

Back to your burrow, you groundhog!

only a matter of time.

Don't underestimate the power and the will of the Chinese Central Bank. They aren't the US Federal Reserve.

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