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.
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.