TSX:REI.UN - Post by User
Post by
BlueGuitar1on Nov 22, 2020 5:10pm
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Post# 31949535
No normal, only the new normal
No normal, only the new normalTime frame to return to the beginning of nornal is minimum ONE year but more likely TWO. "Stay at Home" stocks is where to be. Cases will be way way up by Christmas and New Years. Poor businesses will suffer this holiday season. Bankruptcies will be way up. I read that someone thinks we hit $22. Maybe, but I doubt it. Sorry.
If you are banking on the magic vaccine, be careful. The safety profile cannot be established in 8 weeks. Too fast. Who is going to line up to be first to be vaccinated. Or do a lot of people wait to see what happens first? USA will be first thanks to "Operation Warp Speed", not Canada.
Even with vaccine starting, most people will shy away from restaurants and gyms and cinemas. It will take time to forget. My time line is minimum 2022. Therefore, lots of opportunities to pick up RioCan cheaper. Only Pumpers say that this is the last chance to buy REI.