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Wham, Bam, Thank You Scam

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

Humans don’t really learn, do they?

Back on April 17th, Gilead (GILD) went absolutely ape-shit because of something-or-another to do with Covid (a test, a cure, God knows what), and considering the public reaction, you’d think they had solved every disease known to mankind. The POTUS had the CEO of GILD in his office, yammering on about good news this, and good news that.

It all turned out to be a total nothing-burger.

So the next time some “good news” in the form of a rumor came floating around, did people scoff at it? NO! On the contrary, it was enough to send the Dow up nearly 1,000 points and cause an explosive rally. This time, however, it was Moderna (MRNA) as the scam o’ the day instead of GILD. Those who bought into it just yesterday morning have already had 25% of their flesh chopped off.

What a crock, people. Seriously. What. A Crock. At least we can rely on our public servants to watch out for us.

Wall Street Examiner Disclosure: Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. No endorsement of such content is either expressed or implied by posting the content. All items published here are matters of information and opinion, and are neither intended as, nor should you construe it as, individual investment advice. Do your own due diligence when considering the offerings of information providers, or considering any investment.

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