Tom Lee: Buy the dip amid market sell-off
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- čas přidán 25. 11. 2021
- Tom Lee, Fundstrat global advisors, joins 'Closing Bell' to discuss where investors should put their money amid the markets sell-off. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
Uncertainty about a new emerging coronavirus strain could continue to spook markets, just as Friday’s employment report and other data in the week ahead show the economy has been getting stronger.
Stocks and other risk assets were slammed in the post-Thanksgiving session Friday on reports of a new variant in South Africa, and investors sought safety in Treasurys. Initial reports on the variant show it could be more transmissible than the Delta variant, and scientists are studying how effective vaccines are against it.
The Dow was down 905 points, or 2.5% Friday in its worse day since October, 2020. The S&P 500 tumbled 2.3% Friday to 4,594, giving it a 2.2% decline for the week.
“I think that’s going to override what else we’re going to see,” said Peter Boockvar, chief investment officer at Bleakley Advisory Group. “It’s a heavy data week with the ISMs and certainly payrolls, but I think this new variant is going to freeze behavior until there’s more clarity.”
Economists expect a strong payroll report Friday, with 500,000 jobs added, after October’s 531,000 payrolls. They expect the economy has shaken off the effects of the slowdown linked to the Covid delta variant, and growth in the current quarter could be far stronger than the third quarter.
The Institute of Supply Management manufacturing survey is released Wednesday, and that should show improvement.
Scott Redler, partner with T3Live.com, said many traders were caught off sides in the shortened session Friday, usually a positive one for the market, and there are key levels the market must hold in the week ahead in order to stage a yearend Santa rally.
“Right now, the market lost some momentum, but it’s not broken. It could be just fine and refuel if the 50-day moving average on the S&P 500 holds next week. It’s all very fluid,” he said.
The level he is watching is 4,571. The 50-day is a widely-watched momentum indicator, and it is basically the average close of the last 50 sessions.
The market had already been losing momentum this past Monday with a bearish reversal, he said.
“On Wednesday, the market absorbed the weakness and gave traders a false sense of security which is normally a nice easy holiday-shortened session Friday,” Redler said.
Sam Stovall, chief investment strategist at CFRA, said the S&P 500 typically gains 7% between its October low and year-end close, but this year it had already gained more than 9%.
“We’re ahead of the game and due for some sort of digestion,” Stovall said on CNBC.
The Dow dipped more than 1,000 points in Friday trading. Riskier assets were down even more, with the Russell 2000 off 3.7% Friday. West Texas Intermediate oil futures plunged more than 12%, and bitcoin was down 7.5%. Some investors began to reverse bets in the futures market that a strong economic rebound and inflationary pressures would pull the Fed off the sidelines sooner-than-expected.
The 10-year Treasury yield, which moves opposite price, fell below 1.50% from Wednesday’s high of 1.69%.
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Tom looks like he just came back from an actual bull run in Spain, lol.
He got run over
Lolll
He became full of it.
😆
I love it. guy looks like he works his ass off every day
When I have no hope and there is nothing but darkness, Tom Lee is there to be the voice of reason.
t0m l33t the true prophet.
Look how much everything is up
Correct. Just as long as Fed keeps rates near zero and keeps printing, everything will be ok.
"buy"
World is ending!!!
Meanwhile....
Tom Lee: “I would buy the dip”
🤣
😂😂😂😂😂😂😂😂
If the world is ending you might as well buy the dip.
Market is overreacted also because it is already at all time high!!! I’m with Tom!
Be greedy when everyone are fearful.
As usual Tom Lee knows what he's talking about. Following his advise over the years has allowed me early retirement as a Physician. Finally stocks are going on significant sale today thanks 2 the new African variant "Omicron" combined with a panicked overreaction from myopic short-term investors. It's great when short-term investors panic & sell so stocks go on sale at discounted rates, this is when we long-term investors simply keep adding to our positions in increments on the way down & then just sit back & wait 4 the eventual bounce back up. Thanks again for helping me retire early Tom!
lol, how old are you and how much do have in retirement? I'm thinking i need 4-6 mil in retirement..
@@briantep458 5-10 Bitcoin, and you should be straight... (Depending on the lifestyle you want of course)
@@briantep458 I made a couple of million and retired for 10 years and my wealth STILL went up 20%ish without income. I went back into corporate life because I got bored, but like Jullian says, it depends what kind of lifestyle you want to lead.
@@casualsuede I have 580K in assets, i make about 130 a year. I figure i can retire at around 43-44ish (im 36 now). But im sort of wondering what the heck im supposed to do with my life for the next 30-40 years. Just keep job hopping and annoy the crap out of interns xD
I don't think I will pump in more money until this summer when the bond market stabilizes. A lot of companies who are continually losing revenue keep getting higher evaluations. Wake me up when we are 5-10% above pre covid levels 10percent off of a company over valued by 40% is not a good enough deal. I have been thinking this could not sustain for a long time and only hold large positions in 3 stocks that keep skyrocketing but am still reluctant to add more position and diversify.I want a REAL discount. My gut tells me as china's financial market implodes the bad policy around the CCPs actions will escalate the situation quickly. Good on you if you have 1.7x your money(or better 🤯) this year like I have but it's becoming a very dangerous game that seems to be disconnected from reality.
This guy must love Mexican food he’s always buying the dip
🤣🤣
🤣
Not bad 😏
hahahhhahahahha
My favorite dip is artichoke dip.
If the stock you want to buy fell 40% the next day, would you buy more?
If no: don't buy the stock
If yes: buy the stock.
A good rule to follow, if you previously liked the stock, then you should love it at a discounted price.
Always think long term it's so important.
@Michael Francesco
That depends heavily on why it fell 40% in one day.
YES, ONLY IF YOU UNDERSTAND THE COMPANY.
Boeing is one example.
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TOM LEE FOR PRESIDENT!
As usual Tom Lee knows what he's talking about. Following his advise over the years has allowed me early retirement as a Physician. Finally stocks are going on significant sale today thanks 2 the new African variant combined with a panicked overreaction from myopic short-term investors. It's great when short-term investors panic & sell so stocks go on sale at discounted rates, this is when we long-term investors simply keep adding to our positions in increments on the way down & then just sit back & wait 4 the bounce back up. Thanks again for helping retire early Tom!
No
Damn I love Tom Lee. Always there when I need him.
Meteor hits Earth :
Tom Lee: “You know I think this is bullish for stocks”
"But Tom, we've now seen the markets plummet by more than 78%, China and US are in nuclear war, cities have been destroyed, borders have remained closed for almost a decade, world trade has come to a screeching halt and now news that there is an 85% chance an asteroid may collide with earth in the next week. So what do you suggest investors do in these market conditions?"...."I would buy the dip."
Nice. Loved it. But TOM is the man. And I bought the dip today.
I'll buy that Dip Monday or Tuesday
Then there would be endless worries…..
I would buy that dip.
Then Tom would turn really bullish
Lol you can always tell a market down day by looking at Tom's face
Cramer says dont buy the dip. Tom Lee says buy the dip.
I'm 100% buying the dip.
I think Cramer may have suggested the dip is still yet to come, wait for a few days and see.
@@kuangchichen7323 True, Cramer may be correct saying to wait until the first case is announced in US, which is likely very soon since its already global.
I already bought the dip too.
*chipotle worker* “would you like to buy the dip?”
*this guy* “Yeah I’ll buy the dip”
I like Tom because he never pumps a stock when the interviewer asks him what to buy.
Wow I actually agree with CNBC for once? 😮
2:28 PM
11/26/2021
Meteor hits earth
Tom Lee says buy the dip.
We either recover,
Or the earth is destroyed and money is worthless.
Obviously
As usual Tom Lee knows what he's talking about. Following his advise over the years has allowed me early retirement as a Physician. Finally stocks are going on significant sale today thanks 2 the new African variant combined with a panicked overreaction from myopic short-term investors. It's great when short-term investors panic & sell so stocks go on sale at discounted rates, this is when we long-term investors simply keep adding to our positions in increments on the way down & then just sit back & wait 4 the bounce back up. Thanks again for helping retire early Tom!
Tom lee is my uncle. And he is always right
Yes, Tom Lee is also my uncle. Buy the dip apes
Tom is my grandfather. Wait, u guys should be my..... uuuunncccllll
I’m 34 and not retiring any time soon. Why wouldn’t I buy the dip?
why? because one day the stock my go down and never go back up.
If you must buy the dip, buy all you want, but make sure also to sell the rip.
Tom Lee and his FundStrat crystal ball always perfectly predicts the future. Thank you. All best for Tom and FSInsight!
Sun: becomes red giant and literally envelops the earth
Tom Lee while on fire: I think we should buy the dip here
Tom Lee has not been wrong
The bulls will be "right" for the duration of the business cycle. But they're permabulls, and will continue to tell everyone to buy the dip all the way to the depths of Hell, too
@@adamrobbins4683 He has not been wrong
Don't get it twisted... I respect tom lee.. but oh yeah.. he's been wrong.. he called a September rally and oil to go up before that.. wrong and wrong. Everyone can't get it right all the time... he's right more than wrong...
@@makullee yeah I agree with you I like legend of it its just kinda funny. Tom Lee being right as a bit. Eventually market will get crushed.
tom lee is ALWAYS right
tom THE MAN
Tom Lee always giving us hope!
Tom Lee is quality. Bulls forever y’all.
Tom lee is the ultimate bull. 😅
Toms a beast
Yes he is!! Made me a bunch of money 💰
I agree. He made many good calls. I trust him.
Well done Tom
Tom Lee.......Buy the DIP
Also Tom Lee........Buy the TOP
The top will be the dip 6 months later
Op has been saying this for 2 years probably lmaoooooooooooooooooo
One vanilla soft ice cream cone with cherry dip paleeezzz.
US Market is always in a DIP given a few years.
Every day is a sale. Some are more sale than others.
My man Tom Lee. He speaks the truth!
Buy the dip!!!
Crypto is the future, investing in it now will be
the wisest thing to do. It offers a lot of opportunities.
Agree with you digital currencies that were once viewed as
mysterious by many in the past is going sky high now
Crypto has been in the news concerning great returns but I don't know much about it
Crypto indeed proved beyond all doubt that it is worth generating wealth over a short period
when done right, my Expert, Evelyn Carrera
Has made me a lot of gains in this market
@@bobbylane1390 wow! I made an investment of £ 37000. To my
utmost surprise my ROI generated to
over 95% everyweek. It's nice to see such
competence with Evelyn Carrera
@@bobbylane1390 how can I get in touch with Evelyn I've heard so much about her does she have a business line
If you're holding cash, you have a 100% chance of losing money yearly due to inflation.
If you"re holding stocks for 2.5+ years, there is a 100% chance you won't lose money.
So where is the real risk?
lack of financial education and misinformation leads to negative thinking. one should have an investment strategy.
I am looking at investing in something solid for the long term. I have about $40k sitting in my savings, what do you think I should be buying?
I wouldn't advise you to buy anything without the guidance of a professional. I got into the market with $25k, but with the guidance of JESSICA MEADOR JONES a coach who helped me grow that to over $105k in 7 months.
Tom Lee is a living god! In Tom I trust! Doubled down today and will continue buying everything.
What you buy today?
@@PretentiousStuff SPXL. I tripled down
His Googley eye makes me trust him. Buying the dip.
Already did tommy thank you
what did you buy?
@@oopsdididothat7727 Sofi
What an eye opener!
Together with mr Munster the brightest heads on the channel.
Love Tom and his calming influence.
Does anyone have link for when Tom's advice was to sell or hold?
🤣🤣
If you are familiar with the strategy "Average Down" now is the time to appy it to the stock exchange & in crypto. Buy when the correction is high & reduce the average price of every purchased stock. The "Omicron" variant won't stop the high demand, it might slightly reduce it. Demand of oil and its biproducts will continue for many reasons (economic, social and political). Also there is too much liquidity in the markets and not too many options to invest it in order to get a high yield.
P.S: Don't forget that since we are entering winter, when weather gets worse, oil demand will get the price higher.
TOM LEE TO THE MOON
“Policy makers are panicking and generally when policy makers panic that’s when investors want to actually step in” ~ (3:19)
I am with Tom, we're gonna get it together somehow
Fantastic!
0 seconds ago
Jim Cramer says don’t buy the dip, Tom Lee says buy the dip.
I go with Tom Lee. By the time Cramer says buy the dip the market will have rallied 5% already.
FActs
Lee your a good guy 👍🏽
I'm sorry but the market drop 2-3%, if you think that's a panic you probably need to get out a book. 1987-1929 thats a panic.
I love this guy so much.
He’s made me a bunch of $$ over the last year +. Just wish I met him earlier..
Tom is like a Tom Tom directs you in the right direction. Even though I have a Garmin.
I love Tom
He is the man… talk with guts and positive. After he says , it will go up in a week.
Just noticed this video already has 140k views compared to the other cnbc video at like 7k LOL Tom Lee you are a God
love this guy doesnt spread fud
Forget Baby Yoda, Tom Lee is my new BFF!
Tom Lee keeping it real
The Earth's revolution will be 1 million miles closer to the sun in 2022.
Tom Lee : This is a great time to buy solar energy, water, and Pecan trees that provide large areas of shade. Bull4Life.
I love Tom Lee
Tom Lee is the market Energizer Bunny
great advise
TOM LEE > JIM CRAMER
This was just a Black Friday deal for Wall Street. Everything's on sale since there isn't much in the stores as far as deep discounts go plus with all the smash & grab going on. Investors might as well enjoy some purchasing discounts 😁.
Buy the dip!!!!
I'M BUYING EVERYTHING
Tom LEE HAS a 93 percent accuracy rating. He is calm and reasoned.
does he really?
@@OnceShy_TwiceBitten Yes.
I like this guy..
The combine from half life is invading earth
Tom lee: i would buy the dip
10-mile asteroid impacts Earth, leaving a crater the size of Florida.
Tom Lee: "I would buy the dip."
Tom Lee needs a statue of himself right next to the Wallstreet Bull
GOAT of wall st I agree
Everyone should have a wallet photo of Tom Lee.
I have a St. Gauden’s replica gold coin with his image on one side.
Bought the dip March last year when Covid hit and made a 60% gain. Definitely buying from here again.
Where is he now
When I saw this guy on TV for the first time, I doubted his abilities. Now I would say that it is very accurate to predict the market. Although I still doubt his predictions on Bitcoin...
this is the way
Tom Lee watched the Jim Cramer segment before going on the air.
The ultimate permabull, lol. You have to love him
tom lee always buys the dip
i wished i had tom lee's crystal ball
Tom is the best.
Should i buy didi? You guys said it was a great stock
BUY THE DIP!!!!
Spoken like the only man that's got the market all year right
Markets don't crash like this for just one day. I do think buy the dip makes sense but you probably need to find the floor first.
Why? It's going to bounce back regardless so it doesn't matter if you bought the absolute bottom or not. And while you're waiting for your orders to fill you could miss out on the recovery and never see these prices again.
@@headcoatee This is similar to the question about the Martingale system in gambling. Hey if I put $5 down on black and then double each time I lose am I not guaranteed to eventually come out ahead? I'll let you figure out the flaw in that.
May 12th and July 19th…
Shocking headline from Tom Lee!!!!!!!!!
CNBC: The market has crashed
Tom Lee: Happy Thanksgiving
Humanity has failed to colonise other planets and the sun is charring the Earth minutes before the extinction of the human race.
Tom: I would buy the dip
I think the dip continues into next week but you gotta buy it because it ain't lasting long
I can see most people here in the comment section has no idea Tom Lee predicted this dip two weeks ago on CNBC.
What dip?
Tom Lee is so cute.
Buying the dip!!! Just like, hold the line!!! Sounds familiar?
Today IS Black Friday, a day for deals and bargains.
lolololol
Yup buying the dip here
Why Jim Cramer say don’t buy but Tommy says buy who do I believe
Tom lee the musk of stock market. Put a stop loss and make money Lee is right. This market will only give 30% correction in 2024. Until then keep buying at evry dip with a stop loss.
lol for being a short trading day volumes seemed pretty high rofl
Pessimists get to be right, optimists get to be rich.
I wanna feel better listening to this but I know a lot of stocks wont recover under this Fed. Only a few names will do good but the over all market have been 💩.
buy the dip baby
Invite Tom Lee over to watch the game... He'll buy the dip.
And maybe bring blue chips too.
why 20 years of school. it is so simple. just buy the dip. great economy advice. for jail.
Forget the sold out football stadiums and parades… sell all your stock there was a new Covid case!!!! 😂