High call volume on the ThriftLine

[Bullitt]

Email from TSP today.

We are currently experiencing high call volume and longer-than-normal wait times for speaking to a TSP representative on the ThriftLine.

So if last time I got one of these was around March and everyone was selling, what does this mean today? Does everyone see the vaccine as the green light to get off the sidelines?

 

[bubbagump]

I was thinking election uncertainty

 

[Bullitt]

Well, yeah, but it was more of a rhetorical question.

People were panic selling in March and many investing/trading sites were down for the day. Now people are panic buying and that has caused investing/trading sites being down for the day.

I'm of the opinion this vaccine is a 100% game changer. Who'd have thought the beloved tech stocks would ever get hit so hard while cyclicals popped 10-20% in one day?

At best analysts were calling for a vaccine no better than the flu to be administered yearly with a 30% success rate. This one is much different. The 3rd wave is no longer important and the market will see through it if it happens. Plus you'd be hard pressed to find anyone who thinks the 3rd wave during American winter won't be worse than summer's outbreak.