Some Good Sectors

Mortgages,municipal bonds and corporate bonds are attractive,Mohamed El-Erian thinks.The critical question is,what mistake can I afford to make? If you can't,then wait.When you have a new world emerging,you have to scale your investments.There have to be mid-course corrections.You have to adjust.We live in a very fluid world,the former manager of the Harvard Endowment noted.

The Shape of Recovery

Carlos Mendez,of ICP Capital Markets,says we're headed for an L-shaped economic recovery.We'll see higher unemployment for years.We'll have lower consumption for years.By lowering interest rates,the government is basically punishing people for not taking risks.Look for some bargains in the muni bonds sector,Mr.Mendez recommends.