Opening Statement from the November 2020 Intelligent Investor (part 1)
Originally published on November 4, 2020
Over the past few weeks Europe has experienced an accelerated rate of new COVID-19 cases. In response officials have announced a reintroduction of lockdown measures which are likely to intensify in coming weeks as winter takes hold.
Germany has announced a four-week lockdown of bars, restaurants, and movie theaters. Meanwhile, France is under a more comprehensive lockdown partly due to recent violence. Italy is also seeing a worrisome resurgence in COVID-19 cases, but has thus far only imposed restrictions on bars and restaurants.
Many other EU member nations have reintroduced a variety of lockdown measures and restrictions that are likely to intensify in coming weeks.
The U.S. is also experiencing a resurgence of COVID-19 cases. This has led to reintroduction of limited lockdown measures in many states. Although COVID-19 resurgence is worse in Europe, it appears as if the U.S. will soon catch up to and perhaps surpass that seen in Europe...
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