I’m the contrarian here, I bought all three major cruise stocks today.
I think too many people are viewing the cruise market with Depression era thought processes.
Undoubtably there will be a percentage of people near the bottom of the economic spectrum who had been hoping to take a vacation or cruise and now are unable to do so due to other out of control expenses.
However for many others cruising is now thought of as a right or entitlement almost, other discretionary spending will be cut out far sooner than vacations.
Read surveys and opinion polls on this topic,
not just stock analysts and the bots that are programmed to bail and drive shares down.
Besides buying stock, I’m still cruising, aren’t you?