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} const observer = new MutationObserver(mutations => { if (document.querySelector(selector)) { observer.disconnect(); resolve(document.querySelector(selector)); } }); observer.observe(document.body, { childList: true, subtree: true }); }); } function scrollToComnent() { jQuery('html,body').animate({ scrollTop: jQuery('#CommentSection').offset().top }, 'slow'); } </script> <!-- IncludeMore="true" SharingSites="Facebook|Twitter|Digg" /> --> <div class="clear"></div> </div> <div id="artPgBeyondWords" class="beyondwordsplayer"> <script type="module" crossorigin src="https://instaread.co/js/instaread.player.js"></script><instaread-player publication="newsmax"></instaread-player> </div> <div id="artPgMnStryWrapper"> <div id="p_lt_zoneContent_pageplaceholder_p_lt_zoneLeft_NewsmaxArticleLayout_pnl" class="artPgMnStryWrapper"> <!-- Image Before Text Start --> <div id="imageBot" class="artImageContainer"> <div class="artCaptionContainer"> </div> </div> <!-- Image Before Text End --> <div id="mainArticleDiv" itemprop="articleBody"> <p>Economist Mohamed El-Erian said savvy investors should be buying individual stocks, not indexes, as there is still more coronavirus-driven market volatility ahead.</p> <p>“If you feel it’s the all clear, go out and buy the index ... I don’t think we’re there yet,”<a href="https://www.cnbc.com/video/2020/03/30/mohamed-el-erian-markets-stocks-investment-strategy-squawk-box.html" target="_blank"> the chief economic adviser at Allianz told CNBC.</a> “We’re not in an all clear,” <a href="https://www.newsmax.com/finance/insiders/mohamedelerian/id-237/" target="_blank">the Newsmax Finance Insider said.</a></p> <p>El-Erian said investors should sell companies that could go bankrupt and buy those with “rock-solid balance sheets.”</p> <p>El-Erian, former CEO of investment giant Pimco, said he felt the time of “selling everything” passed a few weeks ago but the “all clear” moment is not here yet. It is now a moment for being selective both in what investors buy and sell, he said. </p> <p>Meanwhile, U.S. stocks rose on Monday as President Donald Trump followed last week's massive fiscal stimulus package by extending his stay-at-home guidelines, leaving investors to await more signs on the next stages of a deepening economic crisis.</p> <p>A record $2.2 trillion in aid and policy easing from the Federal Reserve helped equities recover some of their losses last week, with the S&P 500 posting its biggest weekly percentage gain in over a decade and the Dow Jones its best since 1938, <a href="https://www.newsmax.com/finance/streettalk/stocks-virus-dow-market/2020/03/30/id/960485/" target="_blank">Reuters said.</a></p> <p>That is convincing few that the worst of the most dramatic sell-off in a decade is over, and Wall Street's fear gauge , which predicts future volatility, is still running as high as it has been since the 2008 financial crisis.</p> <p>However, the prospect of more government stimulus has given investors something to hold on to as they wait for signs of economic relief from the pandemic.</p> <p>"We got some certainty last week with the U.S. passing legislation to help with liquidity but the general sentiment is still fairly uncertain as the numbers for the coronavirus cases continue to climb," said Noah Hamman, chief executive office of AdvisorShares.</p> <p>Even taking last week's bounce into account, the severity of the spread of the virus and the likelihood of a deep global recession have so-far knocked $7 trillion off the value of S&P 500 companies.</p> <p>The volatility has been extraordinary and sustained, with the Dow gaining nearly 2,000 points in one session, only to fall almost 3,000 points the next day.</p> <p> </div> <div id="divBloggerExtraArticles" class="extraLinks"> </div> <div id="divLastInsidersArticles" class="extraLinks"> </div> <div id="divArticleRelatedStories"> <strong>Related Stories:</strong></p> <ul> <li><a href="https://www.newsmax.com/finance/streettalk/investors-markets-rally-virus/2020/03/29/id/960444/">Investors Fear More Market Pain as Virus Rages Uncontrolled</a></li> <li><a href="https://www.newsmax.com/finance/streettalk/blackrock-credit-suisse-time-buy/2020/03/26/id/960011/">BlackRock, Credit Suisse: Time to Buy Stocks Again</a></li> </ul> </div> <div id="divSingleQuestionPool"> <div id="p_lt_zoneContent_pageplaceholder_p_lt_zoneLeft_NewsmaxArticleLayout_pnlSingleQuestionPool"> </div> </div> <p class="articleCopyright"> © 2025 Newsmax Finance. 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