related_results_labels({"version":"1.0","encoding":"UTF-8","feed":{"xmlns":"http://www.w3.org/2005/Atom","xmlns$openSearch":"http://a9.com/-/spec/opensearchrss/1.0/","xmlns$georss":"http://www.georss.org/georss","id":{"$t":"tag:blogger.com,1999:blog-7676161"},"updated":{"$t":"2009-12-16T01:00:20.406-05:00"},"title":{"type":"text","$t":"EF Hutton"},"subtitle":{"type":"html","$t":"...Are you Listening?"},"link":[{"rel":"http://schemas.google.com/g/2005#feed","type":"application/atom+xml","href":"http://efhutton.blogspot.com/feeds/posts/default"},{"rel":"self","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/-/answers?alt\u003djson-in-script\u0026max-results\u003d5"},{"rel":"alternate","type":"text/html","href":"http://efhutton.blogspot.com/search/label/answers"},{"rel":"hub","href":"http://pubsubhubbub.appspot.com/"},{"rel":"next","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/-/answers/-/answers?alt\u003djson-in-script\u0026start-index\u003d6\u0026max-results\u003d5"}],"author":[{"name":{"$t":"Bob DeMarco"},"uri":{"$t":"http://www.blogger.com/profile/14861703129474871916"},"email":{"$t":"rtdemarco@gmail.com"}}],"generator":{"version":"7.00","uri":"http://www.blogger.com","$t":"Blogger"},"openSearch$totalResults":{"$t":"23"},"openSearch$startIndex":{"$t":"1"},"openSearch$itemsPerPage":{"$t":"5"},"entry":[{"id":{"$t":"tag:blogger.com,1999:blog-7676161.post-1151039436797401052"},"published":{"$t":"2009-01-13T11:56:00.003-05:00"},"updated":{"$t":"2009-01-13T12:05:06.207-05:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"cnbc"},{"scheme":"http://www.blogger.com/atom/ns#","term":"bonus"},{"scheme":"http://www.blogger.com/atom/ns#","term":"answers"},{"scheme":"http://www.blogger.com/atom/ns#","term":"trivia"},{"scheme":"http://www.blogger.com/atom/ns#","term":"bucks"}],"title":{"type":"text","$t":"In the Fast Money post, \"Two Sectors Worth Watching\", what sector does S\u0026P's Rich Peterson suggest avoiding?"},"content":{"type":"html","$t":"\u003ca onblur\u003d\"try {parent.deselectBloggerImageGracefully();} catch(e) {}\" href\u003d\"http://media.cnbc.com/i/CNBC/Sections/CNBC_TV/CNBC_US/Shows/FastMoney/blogs/__ARCHIVE/graphic_sector_trade.jpg\"\u003e\u003cimg style\u003d\"display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 100px; height: 70px;\" src\u003d\"http://media.cnbc.com/i/CNBC/Sections/CNBC_TV/CNBC_US/Shows/FastMoney/blogs/__ARCHIVE/graphic_sector_trade.jpg\" border\u003d\"0\" alt\u003d\"\" /\u003e\u003c/a\u003e\u003cbr /\u003e\u003cspan style\u003d\"font-weight: bold;\"\u003eCNBC Million Dollar Portfolio Challenge\u003c/span\u003e\u003cbr /\u003e\u003cspan style\u003d\"font-weight: bold;font-size:130%;\" \u003e\u003cbr /\u003ePower Lunch\u003c/span\u003e\u003cbr /\u003e\u003cbr /\u003eQuestion:  In the Fast Money post, \"Two Sectors Worth Watching\", what sector does S\u0026amp;P's Rich Peterson suggest avoiding?\u003cbr /\u003e\u003cbr /\u003e\u003cspan style\u003d\"font-weight: bold;font-size:130%;\" \u003eAnswer:  materials\u003c/span\u003e\u003cbr /\u003e\u003ch2\u003e\u003ca href\u003d\"http://www.cnbc.com/id/28621859?__source\u003dRSS*blog*\u0026par\u003dRSS\"\u003eTwo Sectors Worth Watching\u003c/a\u003e\u003c/h2\u003e\u003cdiv class\u003d\"blogger-post-footer\"\u003e\u003cimg width\u003d'1' height\u003d'1' src\u003d'https://blogger.googleusercontent.com/tracker/7676161-1151039436797401052?l\u003defhutton.blogspot.com' alt\u003d'' /\u003e\u003c/div\u003e"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http://efhutton.blogspot.com/feeds/1151039436797401052/comments/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http://efhutton.blogspot.com/2009/01/in-fast-money-post-two-sectors-worth.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/1151039436797401052"},{"rel":"self","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/1151039436797401052"},{"rel":"alternate","type":"text/html","href":"http://efhutton.blogspot.com/2009/01/in-fast-money-post-two-sectors-worth.html","title":"In the Fast Money post, \"Two Sectors Worth Watching\", what sector does S\u0026P's Rich Peterson suggest avoiding?"}],"author":[{"name":{"$t":"Bob DeMarco"},"uri":{"$t":"http://www.blogger.com/profile/14861703129474871916"},"email":{"$t":"rtdemarco@gmail.com"},"gd$extendedProperty":{"xmlns$gd":"http://schemas.google.com/g/2005","name":"OpenSocialUserId","value":"02937219926706406775"}}],"thr$total":{"xmlns$thr":"http://purl.org/syndication/thread/1.0","$t":"0"}},{"id":{"$t":"tag:blogger.com,1999:blog-7676161.post-5653987469779045218"},"published":{"$t":"2008-12-29T15:12:00.001-05:00"},"updated":{"$t":"2008-12-29T15:14:49.634-05:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"cnbc"},{"scheme":"http://www.blogger.com/atom/ns#","term":"bonus"},{"scheme":"http://www.blogger.com/atom/ns#","term":"answers"},{"scheme":"http://www.blogger.com/atom/ns#","term":"trivia"},{"scheme":"http://www.blogger.com/atom/ns#","term":"bucks"}],"title":{"type":"text","$t":"Final CNBC Bonus Bucks Trivia Answers for Monday, December 29"},"content":{"type":"html","$t":"\u003cspan class\u003d\"Apple-style-span\" style\u003d\"font-size: large;\"\u003eFinal CNBC Bonus Bucks Trivia Answers for Monday, December 29\u003c/span\u003e\u003cbr /\u003e\u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\" style\u003d\"font-size: large;\"\u003eSquawk Box\u003c/span\u003e\u003cbr /\u003eQuestion: According to Jon Najarian's Dec. 26 Stock Blog post, where did YRC Worldwide shares end in Wednesday trading?\u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\" style\u003d\"font-size: large;\"\u003eAnswer: both of the above\u003c/span\u003e\u003cbr /\u003e\u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\" style\u003d\"font-size: large;\"\u003eSquawk on the Street\u003c/span\u003e\u003cbr /\u003eQuestion: In Larry Kudlow's blog post \"We Need Rich People,\" what natural calamity does he use to describe government spending?\u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\" style\u003d\"font-size: large;\"\u003eAnswer: avalanche\u003c/span\u003e\u003cbr /\u003e\u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\" style\u003d\"font-size: large;\"\u003eThe Call\u003c/span\u003e\u003cbr /\u003eQuestion: According to the \"Timeless and Time-Tested Warren Buffett Watch Predictions\" what lesson do we \"learn from history\"?\u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\" style\u003d\"font-size: large;\"\u003eAnswer: that people don’t learn from history\u003c/span\u003e\u003cbr /\u003e\u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\" style\u003d\"font-size: large;\"\u003ePower Lunch\u003c/span\u003e\u003cbr /\u003eQuestion: In her article \"So You Think You Can Trade?\" whom does Janice Dorn quote?\u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\" style\u003d\"font-size: large;\"\u003eAnswer: all of the above\u003c/span\u003e\u003cbr /\u003e\u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\" style\u003d\"font-size: large;\"\u003eStreet Signs\u003c/span\u003e\u003cbr /\u003eQuestion: Who officially \"arrived at the decision\" to cancel Kuwait's $17 billion deal with Dow Chemical?\u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\" style\u003d\"font-size: large;\"\u003eAnswer: Supreme Petroleum Council\u003c/span\u003e\u003cbr /\u003e\u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\" style\u003d\"font-size: large;\"\u003eClosing Bell\u003c/span\u003e\u003cbr /\u003eQuestion: In the Dec. 26 \"Fast Money\" blog post entitled \"So Bad It's Good?\", how does Jeff Macke recommend playing Toyota?\u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\" style\u003d\"font-size: large;\"\u003eAnswer: long with a stop at $57\u003c/span\u003e\u003cbr /\u003e\u003cbr /\u003e\u003cbr /\u003e\u003cbr /\u003e\u003cblockquote style\u003d\"text-align: center;\"\u003e\u003ca href\u003d\"http://www.feedburner.com/fb/a/emailverifySubmit?feedId\u003d815120\u0026amp;loc\u003den_US\"\u003e\u003cspan class\u003d\"Apple-style-span\"  style\u003d\"font-size:large;\"\u003eSubscribe to EF Hutton via Email\u003c/span\u003e\u003c/a\u003e\u003c/blockquote\u003e\u003cdiv class\u003d\"blogger-post-footer\"\u003e\u003cimg width\u003d'1' height\u003d'1' src\u003d'https://blogger.googleusercontent.com/tracker/7676161-5653987469779045218?l\u003defhutton.blogspot.com' alt\u003d'' /\u003e\u003c/div\u003e"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http://efhutton.blogspot.com/feeds/5653987469779045218/comments/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http://efhutton.blogspot.com/2008/12/final-cnbc-bonus-bucks-trivia-answers_29.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/5653987469779045218"},{"rel":"self","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/5653987469779045218"},{"rel":"alternate","type":"text/html","href":"http://efhutton.blogspot.com/2008/12/final-cnbc-bonus-bucks-trivia-answers_29.html","title":"Final CNBC Bonus Bucks Trivia Answers for Monday, December 29"}],"author":[{"name":{"$t":"Bob DeMarco"},"uri":{"$t":"http://www.blogger.com/profile/14861703129474871916"},"email":{"$t":"rtdemarco@gmail.com"},"gd$extendedProperty":{"xmlns$gd":"http://schemas.google.com/g/2005","name":"OpenSocialUserId","value":"02937219926706406775"}}],"thr$total":{"xmlns$thr":"http://purl.org/syndication/thread/1.0","$t":"0"}},{"id":{"$t":"tag:blogger.com,1999:blog-7676161.post-7413545024081563366"},"published":{"$t":"2008-12-15T15:07:00.001-05:00"},"updated":{"$t":"2008-12-15T15:10:20.171-05:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"cnbc"},{"scheme":"http://www.blogger.com/atom/ns#","term":"bonus"},{"scheme":"http://www.blogger.com/atom/ns#","term":"answers"},{"scheme":"http://www.blogger.com/atom/ns#","term":"trivia"},{"scheme":"http://www.blogger.com/atom/ns#","term":"bucks"}],"title":{"type":"text","$t":"CNBC Bonus Bucks Trivia Answers for Monday, December 15"},"content":{"type":"html","$t":"\u003cspan class\u003d\"Apple-style-span\"  style\u003d\"font-size:large;\"\u003eCNBC Bonus Bucks Answers for Monday, December 15\u003c/span\u003e\u003cbr /\u003e\u003cbr /\u003eSquawk Box\u003cbr /\u003eIn the Two-Way Street blog post, \"Trump Magic: Why I Like The Donald\", why does the author like the Donald?\u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\"  style\u003d\"font-size:large;\"\u003eAnswer: Trump's name drives Web traffic\u003c/span\u003e\u003cbr /\u003e\u003cbr /\u003eSquawk on the Street\u003cbr /\u003eIn Friday's edition of Stop Trading, what gambling metaphor did Jim Cramer use for GM common stock?\u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\"  style\u003d\"font-size:large;\"\u003eAnswer: buying a lottery ticket\u003c/span\u003e\u003cbr /\u003e\u003cbr /\u003eThe Call\u003cbr /\u003eIn a Sports Biz blog post, what term does reader Simeon Lipman use for Billy Ripken \"obscenity bat card\" traders?\u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\"  style\u003d\"font-size:large;\"\u003eAnswer: all of the above\u003c/span\u003e\u003cbr /\u003e\u003cbr /\u003ePower Lunch\u003cbr /\u003eIn his Friday CNBC Stock Blog post, Jon Najarian said options traders were bearish on which financial firm?\u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\"  style\u003d\"font-size:large;\"\u003eAnswer: State Street\u003c/span\u003e\u003cbr /\u003e\u003cbr /\u003eStreet Signs\u003cbr /\u003eIn our Top Destinations 2009 slideshow, which once-divided city is shown in picture Number 10?\u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\"  style\u003d\"font-size:large;\"\u003eAnswer: Berlin, Germany\u003c/span\u003e\u003cbr /\u003e\u003cbr /\u003eClosing Bell\u003cbr /\u003eIn the article \"They're Back: Day Traders Thrive in Volatile Market\" what violent image did Andrew Wilkinson use?\u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\"  style\u003d\"font-size:large;\"\u003eAnswer: scalp the market\u003c/span\u003e\u003cbr /\u003e\u003cbr /\u003eWeekly Question\u003cbr /\u003eA sell stop is placed?\u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\"  style\u003d\"font-size:large;\"\u003eAnswer: Below the stock price\u003c/span\u003e\u003cbr /\u003e\u003cbr /\u003e\u003cblockquote style\u003d\"text-align: center;\"\u003e\u003ca href\u003d\"http://www.feedburner.com/fb/a/emailverifySubmit?feedId\u003d815120\u0026amp;loc\u003den_US\"\u003e\u003cspan class\u003d\"Apple-style-span\"  style\u003d\"font-size:large;\"\u003eSubscribe to EF Hutton via Email\u003c/span\u003e\u003c/a\u003e\u003c/blockquote\u003e\u003cbr /\u003e\u003ca href\u003d\"http://twitter.com/efhuttonblog\"\u003e\u003cb\u003eFollow EF Hutton on Twitter\u003c/b\u003e\u003c/a\u003e\u003cbr /\u003e\u003cbr /\u003e\u003cspan id\u003d\"fullpost\"\u003e        \u003cbr /\u003e\u003cbr /\u003e\u003c/span\u003e\u003cdiv class\u003d\"blogger-post-footer\"\u003e\u003cimg width\u003d'1' height\u003d'1' src\u003d'https://blogger.googleusercontent.com/tracker/7676161-7413545024081563366?l\u003defhutton.blogspot.com' alt\u003d'' /\u003e\u003c/div\u003e"},"link":[{"rel":"related","href":"http://efhutton.blogspot.com/2008/12/cnbc-bonus-bucks-trivia-answers-for_15.html","title":"CNBC Bonus Bucks Trivia Answers for Monday, December 15"},{"rel":"replies","type":"application/atom+xml","href":"http://efhutton.blogspot.com/feeds/7413545024081563366/comments/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http://efhutton.blogspot.com/2008/12/cnbc-bonus-bucks-trivia-answers-for_15.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/7413545024081563366"},{"rel":"self","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/7413545024081563366"},{"rel":"alternate","type":"text/html","href":"http://efhutton.blogspot.com/2008/12/cnbc-bonus-bucks-trivia-answers-for_15.html","title":"CNBC Bonus Bucks Trivia Answers for Monday, December 15"}],"author":[{"name":{"$t":"Bob DeMarco"},"uri":{"$t":"http://www.blogger.com/profile/14861703129474871916"},"email":{"$t":"rtdemarco@gmail.com"},"gd$extendedProperty":{"xmlns$gd":"http://schemas.google.com/g/2005","name":"OpenSocialUserId","value":"02937219926706406775"}}],"thr$total":{"xmlns$thr":"http://purl.org/syndication/thread/1.0","$t":"0"}},{"id":{"$t":"tag:blogger.com,1999:blog-7676161.post-4500140316591859252"},"published":{"$t":"2008-11-27T11:55:00.003-05:00"},"updated":{"$t":"2008-11-27T11:58:42.667-05:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"cnbc"},{"scheme":"http://www.blogger.com/atom/ns#","term":"bonus"},{"scheme":"http://www.blogger.com/atom/ns#","term":"answers"},{"scheme":"http://www.blogger.com/atom/ns#","term":"trivia"},{"scheme":"http://www.blogger.com/atom/ns#","term":"bucks"}],"title":{"type":"text","$t":"Bonus Bucks Credit for Wednesday"},"content":{"type":"html","$t":"CNBC Bonus Bucks Trivia Answers \u003cbr /\u003eCNBC Million Dollar Portfolio Challenge\u003cbr /\u003e\u003cbr /\u003eCNBC did not post the trivia questions on Wednesday, November, 26.\u003cbr /\u003e\u003cbr /\u003eThey decided to credit every account with $12,000 bonus bucks.\u003cbr /\u003e\u003cbr /\u003eIf they post the questions on Friday you will be able to get them on the website or via the email list.\u003cbr /\u003e\u003cbr /\u003eI hope all of you are having a wonderful Thanksgiving.\u003cbr /\u003e\u003cbr /\u003eBob\u003cbr /\u003e\u003cbr /\u003e\u003ca href\u003d\"http://www.feedburner.com/fb/a/emailverifySubmit?feedId\u003d815120\u0026amp;loc\u003den_US\"\u003e\u003cb\u003eSubscribe to EF Hutton via Email\u003c/b\u003e\u003c/a\u003e\u003cbr /\u003e\u003cbr /\u003e\u003ca href\u003d\"http://twitter.com/efhuttonblog\"\u003e\u003cb\u003eFollow EF Hutton on Twitter\u003c/b\u003e\u003c/a\u003e\u003cdiv class\u003d\"blogger-post-footer\"\u003e\u003cimg width\u003d'1' height\u003d'1' src\u003d'https://blogger.googleusercontent.com/tracker/7676161-4500140316591859252?l\u003defhutton.blogspot.com' alt\u003d'' /\u003e\u003c/div\u003e"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http://efhutton.blogspot.com/feeds/4500140316591859252/comments/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http://efhutton.blogspot.com/2008/11/bonus-bucks-credit-for-wednesday.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/4500140316591859252"},{"rel":"self","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/4500140316591859252"},{"rel":"alternate","type":"text/html","href":"http://efhutton.blogspot.com/2008/11/bonus-bucks-credit-for-wednesday.html","title":"Bonus Bucks Credit for Wednesday"}],"author":[{"name":{"$t":"Bob DeMarco"},"uri":{"$t":"http://www.blogger.com/profile/14861703129474871916"},"email":{"$t":"rtdemarco@gmail.com"},"gd$extendedProperty":{"xmlns$gd":"http://schemas.google.com/g/2005","name":"OpenSocialUserId","value":"02937219926706406775"}}],"thr$total":{"xmlns$thr":"http://purl.org/syndication/thread/1.0","$t":"0"}},{"id":{"$t":"tag:blogger.com,1999:blog-7676161.post-9217323840552762397"},"published":{"$t":"2008-11-24T12:00:00.002-05:00"},"updated":{"$t":"2008-11-24T12:10:49.308-05:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"cnbc"},{"scheme":"http://www.blogger.com/atom/ns#","term":"bonus"},{"scheme":"http://www.blogger.com/atom/ns#","term":"answers"},{"scheme":"http://www.blogger.com/atom/ns#","term":"trivia"},{"scheme":"http://www.blogger.com/atom/ns#","term":"bucks"}],"title":{"type":"text","$t":"What nightmarish phrase did Pimco's Mohammed El-Erian use to warn bank investors?"},"content":{"type":"html","$t":"CNBC Bonus Bucks Trivia Answers\u003cbr /\u003eCNBC Million Dollar Portfolio Challenge\u003cbr /\u003e\u003cbr /\u003e\u003cspan style\u003d\"font-weight:bold;\"\u003ePower Lunch\u003cbr /\u003eWhat nightmarish phrase did Pimco's Mohammed El-Erian use to warn bank investors?\u003cbr /\u003e\u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\"  style\u003d\"font-size:large;\"\u003e\u003cspan class\u003d\"Apple-style-span\" style\u003d\"color: rgb(153, 0, 0);\"\u003eAnswer: \"the unthinkable\"\u003c/span\u003e\u003c/span\u003e\u003c/span\u003e\u003cbr /\u003e\u003cbr /\u003e\u003cbr /\u003e\u003ca href\u003d\"http://www.feedburner.com/fb/a/emailverifySubmit?feedId\u003d815120\u0026amp;loc\u003den_US\"\u003e\u003cb\u003eSubscribe to EF Hutton via Email\u003c/b\u003e\u003c/a\u003e\u003cbr /\u003e\u003cspan id\u003d\"fullpost\"\u003e      \u003cbr /\u003e\u003cspan class\u003d\"Apple-style-span\" style\u003d\"font-weight: bold;\"\u003e\u003ca href\u003d\"http://www.cnbc.com/id/27839824\"\u003eBank Shareholders Face 'the Unthinkable': El-Erian\u003c/a\u003e\u003c/span\u003e\u003c/span\u003e\u003cdiv\u003e\u003cspan id\u003d\"fullpost\"\u003e\u003cbr /\u003eMOHAMED EL-ERIAN, EL-ERIAN, PIMCO, BONDS, SHAREHOLDERS, EQUITY, CREDIT CRISIS\u003c/span\u003e\u003c/div\u003e\u003cdiv\u003e\u003cspan id\u003d\"fullpost\"\u003e\u003cbr /\u003eCNBC.com\u003cbr /\u003e\u003cbr /\u003eAs the nation's largest banks continue to stand on shaky ground, it is the company's shareholders that bear the biggest risk, Pimco's Mohammed El-Erian said.\u003cbr /\u003e\u003cbr /\u003e\"The unthinkable is thinkable,\" the co-chairman of the bond fund management giant said on CNBC. \"The equity holder is the most vulnerable in this economy because either they get diluted, or when the government comes in the government tries to protect the taxpayer, which means the government comes above the equity holder in the capital structure.\"\u003cbr /\u003e\u003cbr /\u003eThat means that in any type of government rescue plan for the banking system, the US taxpayer gets repaid before the shareholders collect returns or dividends.\u003cbr /\u003e\u003cbr /\u003eSuch a consideration is important as Citigroup's shares lose more than half their market value and a handful of other major institutions vie for government funds to boost their liquidity.\u003cbr /\u003e\u003cbr /\u003eIt all adds up to a treacherous investment environment in which even major institutions pose risk of seeing their credit evaluations drop to junk status.\u003cbr /\u003e\u003cbr /\u003e\"This is a problem of equity,\" El-Erian said. \"The great risk is that the rating agencies may move, and if the ratings agencies move to downgrade the banks we are in a completely different world.\"\u003cbr /\u003e\u003cbr /\u003eIn this environment, investors are turning to bonds in historical levels, with prices of Treasury debt soaring and yields dropping to unprecedented lows.\u003cbr /\u003e\u003cbr /\u003e\"The bond market is telling you this is beyond a flight to quality, this is a flight to liquidity,\" El-Erian said. \"There's damage to the system, and what you're seeing is a reaction to that and a reaction in the yield curve.\"\u003cbr /\u003e\u003cbr /\u003eThe most important things for the market now are a government that provides capital for the purchase of damaged assets, said El-Erian, who also called on President-elect Barack Obama to offer some assurances, particularly on what the direction to the Troubled Asset Relief Plan will take.\u003cbr /\u003e\u003cbr /\u003eThere's been considerable clamor for Obama to designate his Treasury chief, but he's been reluctant to make an announcement.\u003cbr /\u003e\u003cbr /\u003eLast week's announcement from Treasury Secretary Henry Paulson that the government no longer would directly buy distressed assets but rather provide liquidity for institutions to do so rattled the markets.\u003cbr /\u003e\u003cbr /\u003e\"When are we going to get clarity on policy?\" El-Erian said. \"Suddenly the market isn't sure what the TARP was supposed to do, and clarity on that issue would help.\"\u003cbr /\u003e\u003cbr /\u003e© 2008 CNBC.com\u003cbr /\u003eURL: http://www.cnbc.com/id/27839824/\u003cbr /\u003e\u003c/span\u003e\u003c/div\u003e\u003cdiv class\u003d\"blogger-post-footer\"\u003e\u003cimg width\u003d'1' height\u003d'1' src\u003d'https://blogger.googleusercontent.com/tracker/7676161-9217323840552762397?l\u003defhutton.blogspot.com' alt\u003d'' /\u003e\u003c/div\u003e"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http://efhutton.blogspot.com/feeds/9217323840552762397/comments/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http://efhutton.blogspot.com/2008/11/what-nightmarish-phrase-did-pimcos.html#comment-form","title":"0 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/9217323840552762397"},{"rel":"self","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/9217323840552762397"},{"rel":"alternate","type":"text/html","href":"http://efhutton.blogspot.com/2008/11/what-nightmarish-phrase-did-pimcos.html","title":"What nightmarish phrase did Pimco's Mohammed El-Erian use to warn bank investors?"}],"author":[{"name":{"$t":"Bob DeMarco"},"uri":{"$t":"http://www.blogger.com/profile/14861703129474871916"},"email":{"$t":"rtdemarco@gmail.com"},"gd$extendedProperty":{"xmlns$gd":"http://schemas.google.com/g/2005","name":"OpenSocialUserId","value":"02937219926706406775"}}],"thr$total":{"xmlns$thr":"http://purl.org/syndication/thread/1.0","$t":"0"}}]}});