Famed investor says US stocks on "sugar high'

http://apnews.myway.com/article/20091227/D9CRQ57O0.html

As CEO at Newport Beach, Calif.-based Pimco, El-Erian, 51, oversees nearly $1 trillion in assets, more than the gross domestic product of most countries. So when he talks, people listen.
What he's saying now:

-Stocks will drop 10 percent in the space of three or four weeks, bringing the Standard & Poor's 500 index below 1,000 - though he's not predicting when.
-The unemployment rate will be hovering above 8 percent a year from now.
-U.S. gross domestic product will grow at an average 2 percent or so for years to come - a third slower than we're used to.

"I'm calling it as I see it," he says. "I'm not optimistic or pessimistic - I'm realistic."