Market strategists split on 'buying opportunity' after post-Thanksgiving selloff

Yahoo Finance2021-11-29

The Dow Jones Industrial Average's (^DJI) worst daily plunge of the year sparked a split among market strategists on wether Friday was a good buying opportunity. The index closed down more than 900 ...

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精彩评论

SPOT_ON
2021-11-29
SPOT_ON
Like n follow
sylarspock
2021-11-29
sylarspock
More sales for everyone
BlueDahlia
2021-11-29
BlueDahlia
Black friday madness
- sylarspock:
  Nice
EHG
2021-11-29
EHG
Like
Nebhol
2021-11-29
Nebhol
Like
- Nebhol:
  Like
ASMH
2021-11-29
ASMH
Like
- ASMH:
  L ike
- StickyRice:
  Ok

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Manufacturing was also high. And retail sales was up 1.7%.\"\nThe Down Jones Industrial Index year-to-date. Friday's selloff was they year's largest single-day drop despite a holiday-shortened session. (Yahoo Finance)\nOther strategists are sounding off warning signs of trouble ahead.\n\"I don’t see it as a buying opportunity. I see this as the first leg of a multistep downward move in the S&P \", Ed Budowsky, a Chapwood Investments managing partner, told Yahoo Finance Live (video above). \"This new variant is an excuse to sell off the market, because the market is so overpriced.\"\nChapwood added that the market \"has been 31% overvalued for a number of months. It's definitely going to be a downward move going into 2022. ... 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At-home-fitness company Peloton Interactive (PTON) gained more than 5% during the shortened trading session.\n“I think it’s a reaction to the uncertainty,” BNP Paribas Asset Management Chief Market Strategist and Co-Head Investment Insights Centre Daniel Morris said on Yahoo Finance Live, later adding: \"We clearly are going into the winter and it does seem, at this point, anticipating the potential problems as opposed to waiting to see if they're confirmed.\"\nVaccine maker Pfizer (PFE) hit an all-time-high on Friday after a Citi analyst highlighted the company is capable of producing a variant shot in 100 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