1) This will be many times larger than asbestos in $$. It will wreck various companies. Worth watching what your companies are doing and asking hard questions about your positions.
https://twitter.com/rwmalonemd/status/1459536158292074501
2) I remember when asbestos lawsuits went mainstream in early 2000s. Guys would tell me the numbers were crazy/they couldn’t prove where someone got sick/asbestos was everywhere/ no one knew it was bad/etc. In the end, it bankrupted many businesses and led to billions in losses
3) The size of the lawsuits was bigger than anyone thought, trial lawyers can bring a few sick guys on stand and get a jury go agree to anything. Corporates always settle and move on. It’s not their money anyway. Politicians will do their thing and make it a circus.
4) Once the first lawsuit wins, buying deep OTM puts on these will be free money. I remember sitting at my fraternity house, working with the guys, trying to guess who would get sued next. I had some $SEE OTM puts. Think they were 100x. 25x in $GE. Was so easy. We banked huge $$
5) Doesn’t even matter what you think of vaccine efficacy. Red states will have a field day on this. The cases will be tried in Red courts with Red juries. If someone got fired on unconstitutional grounds, the lawsuits will never end. Civil rights and employment rights are big.
7) Wait til they can prove that people were made sick by forced vaccinations. The numbers will be massive!!
8) The time to prune your portfolio is now. I remember the fukwits on CNBC telling me that the multi-billion asbestos lawsuits would get settled for pocket change. Those funds all got plowed by the trial lawyers. The victims got pennies on the dollar, lawyers banked,stocks nuked
9) I don’t care what you think about vaccines. Not trying to debate anyone. I simply think this is the inevitable course of action. Make sure you’ve cleaned out your book before the lawsuits start…
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