- Joined
- May 1, 2014
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When the travel bans are lifted, my guess is they will regain about a third of their pre-pandemic value. The question is will that be before or after a vaccine?And so many people don't understand that there is no requirement for the market to in any way reflect reality.
When I tell people I bought airlines or was considering getting into cruise lines, they all said "but who's traveling now?" And that is absolutely the wrong question. It's mostly speculation and hope (or fear).
Airlines were badly oversold in March and may be overbought now. They will probably come back in the long term, but there could be better opportunities elsewhere or even in the same stocks over the next few months.