Very good points. There could well, be another crash this year, and if so, it will be the real one. Everyone should keep in mind that Covid-19 hospitalizations in Texas hit a record high yesterday. People who are hospitalized have a much increased chance of dying. 90% of patients put on ventilators don’t make it. So Texas Covid deaths will be climbing unless another shutdown is imposed. I really don’t think we should be talking about normalization and recovery at this point when the pandemic has yet to be addressed. The stock market is very much divorced from reality.
Having said all this, it actually has nothing to do with Gulfslope and their chance of surviving. That is all about Tau-2. Period.
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