Anybody else getting sick of the sea of red ?15 Dec 2020 08:46
Like many I hold stocks in several Covid related stocks.
Like many others I thought the arrival of the vaccine/s would be a positive ( from a health perspective it obviously is ) but also in terms of the various stocks vaccines are only a small part of the story.
Yet day after day since 09/11 all I see in the stocks I hold is red. I am down on some by 50% and only up, very marginally, on one or two.
Am I missing something ? Why did everything fall of the cliff because there is an American vaccine, not easy to produce, store or move and in limited supply ? Genuinely just don't get it.
Why is it taking so long to get MHRA approval for the AstraZeneca vaccine ?
Why don't people, the market, see the need for tests and masks ?
A solid 5 weeks of ever falling prices just seems completely counterintuitive - yet here we are.