So I got a question from a Patron that really got me thinking:
Hi FH, Good morning, Two days ago when there was news that a US company (Moderna) has good news of Covid19 vaccine, DOW went up 900 pts and STI 45 points.
Then the news last night (19 May) says that the Moderna Vaccine news was not accurate, DOW came down 300 points.
Pls advise your view on how you read the market when eventually Covid 19 Vaccine is found…. will it be too late to BUY into the market at that time? Or economy and companies are in such extreme mad shape and trouble that it cause further downward pressure?
Seems simple right?
But the more I thought about it, the more I realized how complex this question actually was, and how many issues had to tie in to fully answer it.