RE:RE:behemoth market correction in the works....Conservatively every CEO of major aerospace companies were looking at full recovery to 2019 level by mid 2022 to early 2023. This was loosely tied to vaccine roll out. Well guess what the vaccine got made and approved much earlier, and while the initial procurement and administration of vaccine was very unpredictable, now it's humming along. So market has opened up much early in north America and Eastern Europe. Asia recovery is delayed so has Australia but now more vaccine will go to Asia and market will open very quickly. This summer might be hit and miss on fully opening everything but by year end I won't be surprised we are back to 2019 level. What we are seeing is all money mangers who factored into 2022/23 opening and had money sitting aside trying to get back in with this fear mongering. Oh and so far the vaccine is providing protection against all variants. If there are mutation then new vaccine will be quicker to make then the first one as most infrastructure and knowledge is up to task. Money mangers got caught with money on hand and not in the market. This is their attempt to get in before market sky rockets.
flamingogold wrote: Market overreaction to the news out of Japan this morning and the delta variant, the latter which is not going to devastate the economy as the original variants did pre-vaccine.
In my neck of the woods, Sunnybrook Hospital has begun to dismantle their field hospital which they errected in advance of the the 3rd wave in January. So, someone has it wrong. I think the medical community has got it right and as usual this is just a case of nervous nelly investors.
https://www.cp24.com/news/sunnybrook-begins-removing-medical-equipment-from-field-hospital-1.5499956 ITSUP2ME wrote: I truly believe the Bomber will ride it out just fine...Folks we're holding a very niche stock right now and everyone wants in on it. Fuel efficient clean burning aircraft is the way to go....
Cheers!!
GLTA