1 Year Later, My Pandemic Airline Bet Destroyed the Market
When the COVID-19 pandemic hit the U.S. early last year, investors didn't know what to do. The major stock indices swung wildly for a while, with nearly 10% moves in either direction briefly becoming the norm.
It didn't take long for the stock market to bottom out and turn into a veritable bonanza. The S&P 500 has soared about 75% since then, and there are plenty of stocks that have doubled, tripled, or quadrupled.
Pricey growth stocks, particularly those with narratives that meshed well with the changes the pandemic brought, have done very well over the past year. Videoconferencing software company Zoom and exercise equipment company Peloton were a couple big winners, although the massive gains for those stocks are now starting to come under some pressure.
Source Fool.com
