El-Erian Begs Small-Fry To Raise Cash Immediatelly - Mike Swanson (01/28/2016)

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"If you go to an investment adviser they'll tell you cash is wasted," says El-Erian, chief economic adviser at Allianz. "I don't think so."

"You will have many opportunities to buy really good names at beaten down prices," says El-Erian.

El-Erian tells people that they should raise up to 30% into cash.

I fear most people will do nothing and will just wipe themselves out of the game for good.

Simply raising a cash reserve will prevent that.

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