El-Erian:A Quiet Voice

Mohamed El-Erian,an executive with Pimco,feels it is a time of great tumult and great opportunity.The credit crisis has morphed into an economic crisis.You can't just take the financial system and recapitalize it.There are major bargains out there,but you've got to be careful.You need support,because it is a bumpy time.Remain diversified;keep a cash cushion.It's better to be later in this market,Mr.El-Erian advised.