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Posted November 09, 2020

Byron King

By Byron King

"Covid Is Not Forever"

Friday, we asked readers: What are your thoughts on a recount? Necessary or just prolonging the inevitable?

Today we publish some of your opinions

Our first (succinct) reader says: Needs thorough investigation and then a recount of legal ballots.

Our next reader believes theres a conspiracy: A lot of low-lifes played petty games with one of the most important things Americans do: vote. Pollsters were also playing games. I think it was planned.

Trump will ride it out a bit. Then the Supreme Court will rule.

Our final contributor turns our attention to Congress: It would have been truly sweet if The Grim Reaper Mitch McConnell had lost his seat.

The Democrats will have a hard time getting anything positive done with Mitch in control of the Senate. So sad.

Let's hope real Republicans will step up and regain the dignity of the Republican Party.

Well share more of your opinions Wednesday

Send your opinions to,

Your Rundown for Monday, Nov. 9, 2020

Covid is not Forever

In September, The federal government outlined a sweeping plan to make vaccines for COVID-19 available for free to all Americans, the Associated Press reports.

And federal agencies along with the Defense Department unveiled a playbook to Congress for delivering vaccinations to state and local governments by January or sooner, with the Pentagon being partly responsible for distributing the vaccines.

As is the habit, the government named the plan Operation Warp Speed, allocating $10 billion for the endeavor.

Perhaps living up to that moniker, Pfizer along with German company BioNTech announced this morning that early results from their COVID-19 vaccine drug trial show remarkable promise.

No serious safety concerns have been observed, says The New York Times. Analysis found that the vaccine was more than 90% effective in preventing the disease among trial volunteers who had no evidence of prior coronavirus infection.

If the results hold up, that level of protection would put it on par with highly effective childhood vaccines for diseases such as measles.

So hows the market responding to the news? Like a bat outta hell The Dow especially has rebounded more than 5% as some forlorn stocks are getting some love.

Travel, restaurant and hospitality companies that saw their equities swoon in the spring as Covid surged are experiencing some of the strongest gains [today], CNBC says.

Airline stocks in particular are seeing double-digit gains

  1. American Airlines (AAL): +13%
  2. Delta Airlines (DAL) +13%
  3. United Airlines (UAL) +18%

And aerospace giant and Dow anchor Boeing (BA) is up 12%.

Peter Boockvar of Bleakley Advisory Group says: Ive been saying on the hopes of this, we need to shift our attention to those parts of the market that have been the most hammered because of Covid and away from the work from home stocks that have had such an incredible year because Covid is not forever, he concludes.

Market Rundown for Monday, Nov. 9, 2020

S&P 500 futures are up 123 points

Oils swaggered up 10.5% to $41.06 for a barrel of WTI.

Golds the loser today: down 3.7% to $1,880.10 per ounce.

Bitcoin likewise is down $330 to $15,206.29.

Send your comments and questions to,

Well catch up Wednesday. We hope your weeks off to a great start.

For the Rundown,

Aaron Gentzler

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