Pimco [profile] CIO, Mohamed El-Erian, advises investors not to wait until fall to reposition their investment portfolios, despite conventional wisdom, MarketWatch's William Watts writes. Markets are likely to turn volatile sooner than later, El-Erian cautions, as major national and international events perpetuate concern over the markets, Watts writes.

El-Erian summarized all of the foreboding events that will cast a shadow on the markets in a recent Financial Times column, noting the Fed's upcoming September policy decision to cut, or not to cut, back on asset purchases, the decision on a new Fed chairman appointment, the battle to avoid government default and volatility in the Japanese yen, Watts reports.

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Edited by: Casey Quinlan


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