CNBC July 20 2010 | Mohamed El-Erian, CEO and co-CIO at Pimco, shares his market insight with CNBC.com...The major issue is The mindset in Washington says Mohamed El-Erian
The market is giving a clear signal it is saying let's focus on top revenue it is not enough to focus on the bottom line because we want to see top line revenue growth because we want to see sustainable earnings ...and the companies are falling short , most of them are falling short of the top line revenue growth that was anticipated so the focus has shifted to what is sustainable and we are getting the impact of muted growth unemployment and deleveraging .......etc....
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