by DDDVIOAUS » Tue Mar 10, 2020 12:21 pm
I do limited investing in the markets. Too easily manipulated by those in charge. Note recently the news was bad in regards to Convid-19 and stocks dove...next day new was worse, and the market shot up like a balloon. A lot of serious investors are playing vulture swooping when stocks tank, buying up, and then selling half the next day and holding for brighter days the rest.
As for Cruise Line , I would think it will get worse, with what has been going on. When this is over and it might not be for years.. will people still want to cruise? That ship with sick people is still at sea, and more and more are getting sick. Could set cruising back a bit. Not a reason to sell, but certainly to be cautious when buying.
As for any pharma company. Buyer Beware !!!!!!. There are over a dozen companies working on a vaccine. It is a dice roll to see if which or if any can find a vaccine or make one. Has to be noted that Friday the CDC said any vaccine would likely be two years away from being used on the public. Still way to early in the development stages, and then we have the issue of can it mutate. they aren't even sure if it us seasonal, how long it can last outside the body, how long it can be in the system before it becomes infectious. Seems to be that you can infect someone without having symptoms. The Scotland head of their CDC said earlier today, that the virus could lay dormant in out system. You recover but are immune, but can infect others. More importantly, they think it will be long term, and that an actual vaccine might not ever be found. So good that you got in early on what is great deal. I am sure it will go much higher, but not sure in the end what might happen.
taking a trip at the end of the month, had booked in Jan. Found out on Friday that the rates dropped 32% from when I booked...Cancelations and people not wanting to get out and about. So it sounds like the tourism industry will get hit hard for at least the next few months.