Major indexes on the European markets traded in the green amid the optimistic news regarding COVID-19 treatment and vaccine. After Gilead Sciences revealed that its drug, remdesivir, curbs the mortality rate among coronavirus patients, the Sechenov First Moscow State Medical University ran a trial of a vaccine made by the Russian Gamalei Institute of Epidemiology and Microbiology and reportedly found the vaccine safe and effective.
The DAX jumped 1.47% at 7:31 am CET, as the FTSE 100 followed suit and gained 1.10% at the same time. The CAC 40 rose 1.28% at 7:30 am CET.
Actually is had a good chat with Mooky on Saturday. Going to smash out some ideas for open air, pop up cinemas nights. Start in Isreal to see how it would work though, nicer climate.
Speaking of underpaid workers. I did make some money on boo last week. Not sure where that going this week? Talk of a 3.50 re rate. Plenty of bad press this weekend though, some maybe a tree shake first thing.
Completely agree. The whole market has been totally played and is now very political. We are due another bull rally, last one was on the the 26th May. We surged 71% from the Friday closing price that bank holiday weekend.
Interesting article published few days ago on massive losses on short selling gone completely wrong. Hargreaves lansdown are closing shorts and moving to long bets, have a read. Are we about to have a repeat of the 26th May, massive bull run??
This was the day after the bank holiday when Boris announced on the Monday the lockdown is on target to the lifted with a stage system. Look at shares across on that day, they flew up over the next 4 days and into the following Monday. And on that Monday we manage to hold at 1 pound all day. It was simply 5 days of a bull rally on good news we were moving forward, presumably out of covid eventually. Then on the Tuesday everything fell to sh**t for days and weeks after.
We will hit another massive bull rally at some point. As soon as the big money boys decide to flood the market with cash all shares will fly. But unfortunately we will never know so keep your eyes open people.
Went to my first restaurant since feb last night. Then to the pub for waiter service. Yes Ladies and Gentlemen, waiter service. I could get used to it actually. Felt like it was in Europe. All the staff were wearing masks, anti bac on the tables and stations to help yourself. They were wiping the bar and door handles constantly. Life goes on