The Market as a Whole26 Nov 2020 17:52
Slightly off topic, but since the vaccine announcements the whole market really has gone crazy.
Was looking at EasyJet, Tui and BA today. They are all significantly up over the last few weeks. Does anyone know anyone who has booked, or planning to book a holiday? Or anyone travelling for business given offices are still closed?
Same with the bank. Borrowing at levels never seen before, record low interest rates, furlough to end soon and Brexit still looming over us - yet prices significantly up.
There will be a levelling back out at some stage. I suspect a lot of shares, including us, are still to find their true value.