"Topic should be changed to Why or Why does this keep going up now?"
Elective surgery may have been cancelled, but nonetheless, I suspect the imaging facilities are running flat out in many places in the US.
Presumably that will show up in PME's pay per view revenue.
Evidently, there is demand for X-ray machines.
Presumably the demand for the equipment reflects that it is likely to be put to use in the present crisis.
"In Desperation, New York State Pays Up to 15 Times the Normal Prices for Medical EquipmentState data shows that New York is paying enormous markups for vital supplies, including almost $250,000 for an X-ray machine...
...$248,841 for a portable X-ray machine that typically sells for $30,000 to $80,000."https://www.propublica.org/article/in-desperation-new-york-state-pays-up-to-15-times-the-normal-price-for-medical-equipmentI am perplexed by the market's recent enthusiasm for stocks in general.
There seems to be a focus on the hoped for peaking of new cases.
But even when or if that occurs, absent a vaccine, the restrictions that bring such suppression about have to be maintained almost indefinitely.
That is until the acquired immunity builds to about 60%, which is thought to be the figure necessary to suppress the virus's unfettered capacity to spread in a community operating normally.
For example, New York City's case-count currently equates to about 1% of the population and it is increasing at about 5,500 per day.
If it stays at that rate, it would take 933 days to build to 60% acquired immunity.
Even if we allow that the case-count underestimates by a factor of three, it still would take 300 days to get to that level of acquired immunity.
OK, so maybe that means only 150 days until restrictions can be lifted substantially, but that would still be 5 months of severe restrictions.
And before someone raises it, the notion that was floated by the Oxford University team that the real incidence is much much greater than what is being counted is not supported by any evidence. It was a pure "what if" speculation.
Please tell me what I am missing.
Is the market looking through all this to sunlit uplands on the other side?
I still have all my PME shares and a bunch of Australian gold miners but the cash that I have is being left in the dust by the market.
Cheers
(20min delay)