You read my mind (few pages as it has).
This is a return to normalcy. Sales of the vaccine and tests were an aberration and were exploited. Good for them from a capitalism perspective
If the business and market thinks they were to be on going, then they are idiots.
“If the business and market thinks they were to be on going, then they are idiots.”
Idiots abound. Nobody (or at least few) ever think that the record is going to stop and they’ll be left without a chair.
For example, during housing booms, as home prices rise it becomes profitable to build new homes to sell. But as the new homes hit the market, the difference between supply and demand gradually shrinks, and that inevitably will lead prices to drop below the level where new construction is profitable. And there is a 6 month lag from when you start new construction to get it to market. This means if you just keep building through the boom trying to get as much profit as possible, you will be left holding the bag with a bunch of new homes you cannot sell (or will have to sell at a discount and lose money on ).
Everyone in real estate knows these facts. And yet, every time there is a housing boom, builders keep building until they oversaturate the market and are left holding that bag. Every damn time.