Insane Market Reaction9 Nov 2020 17:24
Posted the below on RMS in error. Anyway....
It's as if Covid has been eradicated and worldwide lockdowns are lifted. A vaccine is way off, despite successful phase 3 trails. Approval and mass production is a different animal.
Regardless, masks and heavy testing will still be required for even longer, possibly years. Especially with seasonal mutations.
Ftse doing 5% on this and Dow nearing all time highs is incredible on the back of this news. Once fever pitch ends, expect another big correction downwards on the indexes.
These and RMS will bounce back, but when I have no idea. I would guess sooner rather than later though. Market makers had a field day today and accumulated millions of shares dirt cheap across the covid sector. The house always wins.
GL all. Still holding long and strong. Savage day though.