Home » Economy » Dow Jones plunged 900 points at the opening!Financial Experts: Don’t buy on dips now | Anue Ju Heng-US Stocks

Dow Jones plunged 900 points at the opening!Financial Experts: Don’t buy on dips now | Anue Ju Heng-US Stocks

Friday (26th) the new coronavirus variant B.1.1.529 detonated the global market shock, oil prices fell below 80 per barrel DollarBitcoinIn the bear market, investors have put their funds into bonds and other safe-haven assets. The US stock market Dow Jones plunged 900 points at the opening, but some financial experts believe that Friday is not a bargain-hunting opportunity.

Jim Cramer, a well-known foreign financial program host, said: “We will wake up next Monday and find a confirmed case of B.1.1.529 in the United States. Until we are sure that this will not happen, I don’t recommend anyone today. Buy any stock.”

Cramer said: “Don’t panic, let others panic, we will see the truth next Monday.”

Cramer reviews, like Regeneron (REGN-US) And Pfizer (PFE-US) It makes sense for such companies to go higher, but other areas of the market should be avoided.

Cramer said: “I don’t recommend buying retail stocks or air cruise stocks now, because there will be people in the market who are more risk-averse and refuse to believe that the epidemic mentioned by scientists can be controlled, so this is not a buying opportunity. “

Financial experts do not recommend buying retail stocks or air cruise stocks now (Photo: AFP)

Cramer also had to admit that some of the sold-out sectors looked attractive, including Chevron.

Cramer said: “If I must buy today, I would consider buying Chevron because of the demand for oil and travel… But (honestly) I would rather buy these stocks next Monday than today.”

In addition, because of Black Friday, he believes that Amazon may also perform well.

However, some Wall Street analysts hold different opinions from Cramer. Bank of New York Mellon analyst Ajene Oden said: “Friday is the first day after Thanksgiving. There may not be so many traders. Therefore, there is potential liquidity. The decline is causing some stocks to fall, but we consider it in the long run that this is a buying opportunity for investors.”


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