BlackRock's Rieder says it's time to selectively buy 'once in a lifetime' stock bargains, but market has not bottomed

BlackRock's Rick Rieder said the market has not bottomed, but he is selectively picking up some stocks that are now at a "once in a lifetime" valuation.The market needs to see a the rising number of coronavirus cases begin to slow down in order to recover.

BlackRock's Rick Rieder said it's time to carefully pick up some stocks based on crushed valuations, but the market is not likely bottoming. "It's hard to see where you're going to see them waving the checkered flag that it's all clear to get back in the market until there's some clarity around when that [virus infection] curve flattens ... and people get back to work," Rieder, BlackRock's global CIO of fixed income, told CNBC. Analysts are looking for signs the number of new coronavirus cases are peaking, but that is not expected for more than a month or several months at least.

"Today, I like mortgages and very selective equities, and I think we're going to let the credit market work its way through for a period of time," he said. "The options market and volatility markets are allowing you to get some equity beta in some attractive ways."

Yeah, for wealthy people like you that have lots of cash laying around, not for ordinary people who lost third of their 401K in 2 weeks! ORDINARY PEOPLE DON’T HAVE MONEY TO BUY THEIR NECESSITIES AT THIS TIME, FORGET THE STOCKS, but I’m sure you don’t care!

Market was at this level one year ago, and before that it was lower. Ya basic.

Absolutely a good time to buy

Not for the the Main Street investor! People have lost many thousands of dollars at this point. They have no money to spend on bargains in the stock market! GET REAL!!

People are throwing their retirement away over the flu. It’s sad

it's a joke? Respect for all...

You mean another chance to buy overvalued stock🤦

Interesting because I was alive in 2008-2009. That wasn't once in a lifetime? Ford at $1? Onecity

How the hell is selling ? Find one of those people, should be relatively eay with mkt down 10% today

They just said that in 2008! Are lifetimes now every decade!

Once in a lifetime because so many non-essential corporations are going out of business.

Lol

Nope!

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street says these things must happen before the market will stop plunging and bottomStrategists said stocks would only bottom when more fiscal stimulus is rolled out and the coronavirus outbreak stops worsening. Bring Mark Faber on,let's hear what he has to say Stimulus is considered both good and panic. It should have been promised after more study. The FED hitting them over the head with huge cuts has pushed the panic button. In other words, this crap is going to continue till everyone practically goes broke.
Source: CNBC - 🏆 12. / 72 Read more »

Here's Morgan Stanley's 'shopping list' for semiconductor stocks to buy amid the turmoilNew for subscribers: Here's Morgan Stanley's 'shopping list' for semiconductor stocks to buy amid the turmoil Check out CNBCPro and get your first 30 days free. Pro 6 reason Why some people seem to have all the luck?
Source: CNBC - 🏆 12. / 72 Read more »

Stock market crash: Hedge fund strategy fails, could change investing - Business InsiderA popular trading strategy that preserves hedge funds during stock-market crashes just failed — and Morgan Stanley warns it could change investing as we know it Because you are thinking the traditional way ie everybody follow the rules but in reality one big player is not. They control their stock market and do whatever they want. Everyone lost except them! All analysis or predictions are garbage!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Even the world's biggest hedge fund was caught flat-footed by the coronavirus market sell-offThe Financial Times reported Bridgewater's flagship fund is down about 20% for the year following the swift plummet from all-time highs into a bear market from stocks. Hedge funds suck!!!
Source: CNBC - 🏆 12. / 72 Read more »

The Dow is in a bear market. Here's how bad it could getGoldman's chief U.S. equity strategist says when specific events spark bear markets, stocks' recovery tends to be stronger than it otherwise would be. Pro S&P to between 2,050 and 2,150 Pro Such a cute little bear 🐻 Pro Invest in tickers 'SDS' and 'SH' they are inverted to the stock market
Source: CNBC - 🏆 12. / 72 Read more »