Here we go again. I suppose it's time to dust off the Tickerspy
Bird flu, Swine flu, SARS stock index.*
A new virus belonging to the same family as the SARS virus that killed 800 people in 2002 has been identified in Britain in a man who had recently been in Saudi Arabia, the World Health Organisation (WHO) said on Sunday.
The United Nations health body, which issued a statement through its "global alert and response" system, said tests on the patient, a 49-year-old Qatari man, confirmed the presence of a new, or novel, coronavirus.
Coronaviruses are a large family of viruses which includes the common cold and SARS.
"Given that this is a novel coronavirus, WHO is currently in the process of obtaining further information to determine the public health implications," the statement said....MORE
*Who can forget those halcyon days of 2009?
Conspiracy: Swine Flu Stocks Update
Pardon me while I slip my Reynolds Wrap turban on.
On April 28th we introduced our readers to the Tickerspy Swine Flu/Bird Flu Index (RXFLU).
Although I glanced at the index from time to time I didn't follow it closely.
Today, when I saw a couple of the components get whacked, Novavax (NVAX) down 20.25% on the day and Hemispherx Biopharma (HEB) down 27.20%, I assumed the index got hit pretty hard.
And it was, closing down 9.8%. But what struck me was the action over the last month:
Today vs S&P 500 : -9.9%
1-month vs S&P 500: +45.0%
All-time vs S&P 500: +92.6%
Even though the media frenzy has passed and the public seems blasé, someone has been buying these stocks and buying in enough size to gun the index to be the #1 performer through Thursday, out of 250 indices that Tickerspy tracks. Which leads to the the questions:
What do they know?...