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October 24, 2008 · 6:45AM

El-Erian: “Sell and Get Out of the Way” [OPINION]

Pimco’s Co-CEO Mohamed El-Erian said Friday “a market washout will be a critical and historic step in getting the debris out of the stock market,” and forecast that the Federal Reserve will have to step in within the next few days to cut interest rates. (CNBC)

Categories: Business & Finance Today · Financial Services · Markets, Economic News

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