PearlynCSY
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So far, Musk has only sold about 6.34 million Tesla shares since November 8. Previously, musk promised on Twitter to sell 10% of its Tesla shares, namely 17.05 million shares. At present, musk has sold only 37.1% of its promised shares, and needs to sell at least 10.7 million Tesla shares. Hence, short term, price will be capped
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In general, US stock valuations are no longer cheap.
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The new Covid variant omicron will likely “overwhelm the whole world” in the coming months, according to a Singapore-based infectious disease doctor.While vaccines against the strain can be developed quickly, they need to be tested over three to six months to prove that they can provide immunity against the variant, Dr. Leong Hoe Nam of Mount Elizabeth Novena Hospital said Wednesday.
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US politics is a major factor in the supply chain problem. Hugh number of containers are now stuck in US ports.
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WHO says Omicron in 89 countries and spreading rapidly. Cases doubling every 1.5 to three days if there is community transmission but clinical severity of variant unknown. Better to exercise patience and err on the safe side
Travel and leisure stocks gained in early trading<blockquote>旅游休闲股早盘上涨</blockquote>
I added China SMIC into my watchlist. Should see good prospect with ongoing technological war between US and China
Semiconductor stocks climbed in morning trading<blockquote>半导体股早盘攀升</blockquote>
Wall Street on super bull since last year Covid pandemic due to massive QE and ultra low interest rate. In general, US stock evaluation is no longer cheap. I continue to build up my cash position in preparation for the next correction and to welcome back MR Bear
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Last 2 years bull run, despite the Covid-19 pandemic, was mainly due to extraordinary QE and unprecedented loose monetary policy. Donald Trump had added $6.7 trillion to the national debt, an increase of 33%. Biden is planning to add $6 trillion. Such ridiculous amount of printed money is inflationary. US inflation is now at 6.8%, a record 40-year high. There no free lunch on the long run. Hope for the best and be prepared for the worst in 2022
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Omicron will likely 'dominate and overwhelm' the world in 3-6 months, doctor says today. "Frankly, omicron will dominate and overwhelm the whole world in three to six months," Singapore doctor Leong Hoe Nam told CNBC's "Street Signs Asia. New vaccines targeting omicron are a "nice idea" but won't be practical because of the transmissibility of the strain, he said.Moderna CEO Stephane Bancel on Monday said it will take months to develop and ship a vaccine that specifically targets the omicron variant.Pfizer CEO Albert Bourla also said shots could be ready in less than 100 days, or slightly over three months.Leong agreed that a three-dose vaccine regimen would likely protect against severe disease, but pointed out that many countries still have low vaccination rates.
Moderna shares dipped more than 2% in premarket trading<blockquote>Moderna股价在盘前交易中下跌超过2%</blockquote>
The omicron variant of the SARS-CoV-2 virus, discovered just a few weeks ago, is poised to dominate Covid-19 cases around the world. It’s a stunning new twist to the pandemic saga that has countries scrambling to prepare. In places like South Africa and the United Kingdom where omicron has been spreading fast, Covid-19 cases have doubled every three days or less. This includes people who were previously infected or vaccinated against Covid-19.
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