Please don’t kiss me: I’ve got swine flu
There’s a great Rita Hayworth song, “Please Don’t Kiss Me” from the 1947 movie, “Lady From Shanghai.” Even though this is a Swine Flu Panic (and not an Asian Flu panic), the song is still apt.
It’s a slow news day for the Financial Crisis. Market participants have found a new source of angst to separate investors from their money with the Swine Flu Panic of 2009.
1) Bloomberg news 2009-04-27: “CDC RECOMMENDS THAT PEOPLE DON’T KISS AS A GREETING……”
[Rocky is scheduled to meet Aunt Gertrude for dinner tonight. He’s delighted that he finally can dodge her overly intimate greeting. However, physical contact from shaking hands seems a more likely source of virus transmission than a dry cheek kiss.]
2) Bloomberg news 2009-04-27: “Hog and pork-belly futures plunged the exchange limit in Chicago on speculation that pork demand will shrink with global spread of swine flu in humans.”
[One CANNOT contract swine flu from pork in the supermarket. Additionally, pork belly contracts are FROZEN pork bellies. Interested readers should rent the Eddie Murphy move Trading Places for more details.]
3) Glaxo stock is up 8% because it’s a manufacturer of anti-viral drugs.
[Rocky owns Glaxo stock, because it’s a good company at an attractive valuation. However, folks who buy Glaxo today solely because of Swine Flu may be as disappointed as folks who bought Pfizer when they announced the release of Viagra. (Pfizer is down about 70% from that announcement).
It’s important to remember that in a typical year, flu unfortunately causes 36,000 deaths in the USA. The odds of a pandemic are low. The odds of making money trading based on swine flu headlines are even lower.
Track Swine Flu Cases on Google Maps: Click Here.