Dragging behind recovery27 Aug 2020 17:54
The US is in full recovery mode, the DOW is flying. What ever you think NEX will never return to 66p probably not a £1 as there are no shocks in the system. Yes worst case we could have a second wave, but we are much better prepared, lockdown will be limited and localised if at all.
I would say we are pretty close to a vaccine of some kind that works. Yes there will be a time lag for when this will be available, but a vaccine that works will fire up the markets as they will look ahead. Battered stock valuations will change very quickly and shorters will close their positions. Meaning a sudden return in NEX case to the £3 level and then a gradual rise to £5 over the subsequent 12 months.