I put all my money in airline and Cruise stocks. Hope I don’t turn out to be an etrade add.
Airlines... maybe.
Cruise stocks, I think not.
My reasons are as follows:
- the US gov’t will support airlines as essential
- It won’t support cruise lines, as they are largely non-American in terms of ship flagging and employees
- Personally, I could see myself on an airplane after things die down with a couple hundred people and a face mask for a few hours,
- But not on a ship for a couple of weeks with several thousand people.
I don’t think people will be as eager to cruise as they were for a while. Flying will come back first.
You have nerves of steel my friend. I really hope you made a good bet. You will be slammed for the cruise stocks but I have hopes for those. Millions of people love cruises and it will be back but that will take a while for sure. The Petri dish thing is an exaggeration and can be easily mitigated.
hahahah ... I went Airline (w/Boeing too) and was Cruise and Oil, but ultimately dropped the cruise with not quite enough confidence that Trump would ensure they survived. I think the US based ones will be fine though. Of course the more the risk, the more the reward, and that's the rub. Would have loved to have kept NCLH but ... I just couldn't quite justify it as something other than pure gamble.
Couple others for fun. I think it's possible we haven't hit bottom, but I think we probably have, and that's about all you can rely on w/out total insider info.
If you can afford to lose what you put in, then it's a great time to put in, but for those who haven't -> one could argue the market was way overvalued before this happened, and it may be a while before it gets back to where it was. OR it might get back and blow right through it especially on a re-election. OR maybe there will be concern over too many printing presses running so gold is smart ... but Gold hasn't done what it should do after the stimulus we just saw.
Mr. Market is a wily one, especially these days.