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Viewpoints

February 2010
Bull Market Can’t Last If You Mind the Gap
Mohamed El-Erian
CEO and co-CIO
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Please click here to read this article, which was originally published on Bloomberg.com on 3 February 2010.

Singapore1
PIMCO Asia Pte Ltd
501 Orchard Road #08-03
Wheelock Place
Singapore 238880
65-6491-8000
Registration No. 199804652K

Hong Kong2
PIMCO Asia Limited
24th Floor
Units 2403 & 2405
Nine Queen’s Road Central
Hong Kong
852-3650-7700

1 Regulated by the Monetary Authority of Singapore as a holder of a capital markets services license for fund management, and an exempt financial adviser. The services and products provided by PIMCO Asia Pte Ltd are available only to accredited investors, expert investors and institutional investors as defined in the Securities and Futures Act. The investment management services and products are not available to persons where provision of such services and products is unauthorized.

2 Licensed by the Securities and Futures Commission for Types 1, 4 and 9 regulated activities under the Securities and Futures Ordinance (“SFO”).  The services and products provided by PIMCO Asia Limited are available only to professional investors as defined in the SFO.  The asset management services and investment products are not available to persons where provision of such services and products is unauthorized.

This material contains the opinions of the author but not necessarily those of PIMCO and such opinions are subject to change without notice. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. This material is provided with permission of Bloomberg.  Date of original publication 3 February 2010.

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