"Investors have few spare tires left. Think of the image of a car on a bumpy road to an uncertain destination that has already used up its spare tire. The cash reserves of people have been eaten up by the recent market volatility"

This quote by Mohamed El-Erian is a metaphor for the existing state of the stock market. Financiers have couple of resources delegated secure themselves from the volatility of the market. The image of a cars and truck on a rough road to an unsure destination that has currently used up its spare tire is a representation of the current scenario. The money reserves of investors have actually been diminished due to the recent market volatility, leaving them with couple of resources to safeguard themselves from more losses. This quote acts as a warning to investors to be careful and to be knowledgeable about the threats related to buying the stock exchange. It is important to be knowledgeable about the potential losses that can happen and to be prepared for them.