WHATEVER IS GOING ON THE STOCK MARKET SURE LIKES IT

 by Bob Walsh

All major stock market indexes closed on new highs yesterday, meaning the market has recovered its losses from the plague announcement back in 
February.  The DOW made it almost up to 30,000, closing at at tad over 29, 950.

Much of this exuberance is believe to have been created by the vaccine announcement from Moderna.  They believe, based on testing, that their Covid-19 vaccine is 95% effective and it does NOT require special deep-cold freezers but can safely be stored in normal medical refrigerator-freezers.  The vaccine requires two shots about two weeks apart.  The only side effects noted have been occasional irritation at the injection site and headaches.  

Thanks to the Trump Warp-Speed vaccine program it is believed that both the Phizer and Moderna vaccines will be available for limited distribution by the end of the year.  First targeted recipients will likely be health care workers and unusually susceptible groups.