Quote:
Originally Posted by OMG!WTF!
I think you might be one step behind. Disney went down like 40% based on the fear of what covid would do to earnings now. We've already seen that shock. Now everyone is looking to reopening and planning for that good news story
In general I think the market reflects exactly the sentiment here...sideways trading until something indicates more or less good news in the future.
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That's why I'm really afraid of a second wave in the fall. If the US blows this as badly as they appear to be and get hit just as bad in the fall while we're months away from a vaccine, leading to a second shutdown? Look out.