Nothing Is Over Until Wall Street Says It’s Over

“And guess what: shares of Moderna and BioNTech are cratering. The hedge funds have finally realized there will be no fourth shot. And that mRNA technology, erm, still has a few issues to work out. (1 billion people aren’t gonna love hearing that, but too late now. Mistakes were made, stuff happens, amirite?) Moderna and BioNTech are down 8-10% today, 60% since August. Oh, how I wish I could have shorted them.” (Alex Berenson)

Nothing is over until Wall Street says it’s over (substack.com)

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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