2020 AUG-1: Carnival Corp will resume cruise ship travel with 8 trips planned starting Aug 1st.
Just as most COVID cases have peaked in New York and around the world, CCL is announcing a return to business-as-usual. This announcement was made despite CDC warnings.
A second wave is highly anticipated. The stay-at-home protesters (although a small minority) aren't helping to contain the spread. However, cruise vacations may not a be a priority for the economically troubled middle and lower classes. Difficult to tell how high demand will be. Then again, consumers have been bottled up at home. Enough will book cruises to create positive (short-term) outlook. Unless Carnival enacts social distancing measures that succeed on their ships, I don't see them exceeding 3 trip this year before an outbreak forces them to suspend travel again.
I have no faith in them or the travelers aboard to follow strict guidelines. We can't even do it at home. Imagine a boat full of entitled travelers looking to break from the reality that is COVID.
Thanks for reading my non-technical mumbo jumbo. I read the news and speculate human stupidity and greed. Also, science trumps all.
I agree Science Trumps all. Also Trump hates science.
In the end Darwin will be proved right. Not all the members of a species survive, only those that adapt to new circumstances. Those that are so fixed in their ways that they cannot change behaviour will be wiped out.
jchai430
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In short run, most stocks will go up as economies around the world open up. Second wave is a another story, just monitor the news and if any second wave of outbreak was to happen and sell them all right away. For now, tide lifts all boats and enjoy the ride.
keith66
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Read that too, certainly a buy the rumour for now. Any good news makes this pop.
In the end Darwin will be proved right. Not all the members of a species survive, only those that adapt to new circumstances. Those that are so fixed in their ways that they cannot change behaviour will be wiped out.