For example : The UK stated the AstraZeneca vaccine was unsafe for under 40s today. Their stock price still rose by 0.6% and 0.5% on the US listing.
That's not the phrasing I caught, to be fair.
As I understand it, the current advice is to recommend the other type for under 40's if doing so results in no delays etc. If that would result in a delay, by implication they're still recommending AstraZeneca instead of waiting.
Hardly a condemnation, really. (And I'm still less than sold on the idea that the more experimental RNA types are likely to be safer, personally).
The market can stay irrational longer than you can stay solvent.
Amazing how rational you can be when it comes to your pocketbook.
For example : The UK stated the AstraZeneca vaccine was unsafe for under 40s today. Their stock price still rose by 0.6% and 0.5% on the US listing.
Pretty absurd, by the way, as I have always pointed out, there is no such thing as a safe vaccine. More to the point, the markets were likely far ahead of the government and had already taken this news into account.
You know you can short it, right?
(But be careful with that. As much as I don't like your opinions, I don't want to see you ruined financially.)
I could, yes. It'd probably work, the price spiked fairly recently and spikes are usually followed by a correction.
I won't though, just because I remember when I shorted AZN on the vaccine safety worries and it inexplicably rose in price.
People suddenly become rational when there is money on the line, and making mistakes has costs.
The market can stay irrational longer than you can stay solvent.
For example : The UK stated the AstraZeneca vaccine was unsafe for under 40s today. Their stock price still rose by 0.6% and 0.5% on the US listing.
That's not the phrasing I caught, to be fair.
As I understand it, the current advice is to recommend the other type for under 40's if doing so results in no delays etc. If that would result in a delay, by implication they're still recommending AstraZeneca instead of waiting.
Hardly a condemnation, really. (And I'm still less than sold on the idea that the more experimental RNA types are likely to be safer, personally).
Amazing how rational you can be when it comes to your pocketbook.
Pretty absurd, by the way, as I have always pointed out, there is no such thing as a safe vaccine. More to the point, the markets were likely far ahead of the government and had already taken this news into account.