Wall Street investors are dumping their Moderna and Pfizer stock faster than the world can drop the mandates. Moderna is down 70 percent from its high, while Pfizer is off 19 percent.
Former Blackrock Executive and investment adviser Edward Dowd calls for Moderna to go to zero and Pfizer to end under ten dollars per share.
How is this possible given that Pfizer now enjoys record earnings per share and a market capitalization of some $270 billion, making it the 29th largest corporation globally?
With nothing but profits in sight for the Pharmaceutical giant, what could be the problem? After all, in December, a Forbes’ headline read, “The Vaccine Maker Can Dominate The Covid Market For Years to Come, Wells Fargo Predicts.”
In addition to the enormously profitable mRNA vaccines, Pfizer is rolling out potent antivirals like Paxlovid, which could earn $22 billion in 2022. Compared to the $81 billion in 2021 revenue, the earnings from the vaccines and the antivirals could top $102 billion for 2022, which is music to shareholders' ears.
However some are hearing shrieks, and these happen to be Wall Street's finest, the smart money that beats the rest of the herd to the exits like clockwork. These sophisticated investors make it their business to not go with the conventional wisdom but to do their own research, which often pays spectacular dividends.
Edward Dowd is one such investor. He saw the dot com bubble ready to burst and acted accordingly. But, unfortunately, other not-so-savvy investors later saw their dot com heavy portfolios collapse as the NASDAQ Composite Index lost 40% of its value in 2000. Dowd, a graduate of Notre Dame University and former Portfolio Manager at Blackrock, grew his fund from $2 billion to $14 billion and commanded the respect of his investment community peers.
Today, after semi-retiring to the shores of South Maui, he remains a voice of stock market wisdom that many hedge funds continue to rely upon. LinkedIn lists him as a Consultant to Founder & Partner of Symphonic Capital, LLC.
But the dot com collapse is not the only one Dowd successfully navigated. While many other portfolio managers placed their client's money in highly rated and lucrative mortgage-backed securities, Dowd hesitated and questioned. He considered that those might be grossly over-rated, and he was correct. It turns out that the mortgage rating system was corrupted by the high profitability of predatory financial products tied to home mortgages.
According to Edward Dowd, a large portion of the blame was shouldered by the rating agencies, those trusted organizations whose job it was to judge the risk of these subprime mortgage-backed securities – agencies like Moody’s, Standard & Poor’s and Fitch. Dowd says they turned a blind eye to the true risk because it was profitable. So, in essence, these rating agencies were captured by the institutions backing these risky subprime securities.
Joseph Stiglitz, a Nobel Prize-winning economist, put it this way, "The incentive structure of the ratings agencies also proved perverse. Agencies such as Moody's and Standard & Poor's are paid by the very people they are supposed to grade. As a result, they've had every reason to give companies high ratings, in a financial version of what college professors know as grade inflation."
Dowd has sounded the alarm on Moderna and Pfizer as sinking ships that investors need to abandon. So what does the man who foresaw the dot com and the subprime mortgage crisis have to say about Moderna and Pfizer, and what trouble could exist in the paradise of COVID vaccine profits? Here are Dowd’s words:
I want to liken here to what's gone on in the Great Financial Crisis. We had rating agencies, third-party verification sources that were able to perpetuate the fraud because the money got too big, their institutions became corrupted with the institutional imperative, and they got triple-A ratings which we all know in hindsight were not triple-A ratings – let's move forward to today. The FDA is the trusted third-party verification of pharmaceutical products. 50% of their budget comes from Pharma...due to the institutional imperative that was in place at the time and the speed with which they tried to approve these unproven products with this unproven technology, fraud did occur, and what's my proof of that? The FDA, together with Pfizer, were trying to hide the clinical data. And it’s come out recently...that the all-cause mortality for the Pfizer product failed – that means there were more deaths in the vaccine group than the placebo group. Normally in such a case, you have NO drug approval for such drugs. It's the gold standard. I've been told by all my people in the Biotech Industry they were horrified...
See minute mark 25:10.
And unfortunately, that is not all. Dowd feels that although he has successfully predicted three large frauds in his career, he now expects a global financial market collapse with the debt bubble getting ready to burst.
“So I’ve seen three frauds; the corporate fraud of the dot com boom, the bank fraud of the Great Financial Recession, and I believe the fraud has moved on to central banks and governments – because that’s the nature of our monetary system – you have to constantly create credit to keep this thing going.”
See minute mark 2:22.
“The global debt bubble is at its peak…we are at the end…we are going to see lots of crazy things in the financial markets…we are going to see the credit markets become unhinged, the equity markets become unhinged. The Fed got a reprieve…under the cover of COVID, they were able to print 65% more money to keep this thing afloat, but we are at the end days here.”
See mark 3:41.
He clarifies that the emergence of global totalitarianism is not purely about power and profit. Instead Dowd feels it is to control the masses when they realize the economy is collapsing – the ramifications of which may be the loss of pensions and social security income.
“A lot of what you are seeing in the response of global governments is setting up a system – under the guise of medical tyranny – to prevent the riots that are going to ensue once this thing all unwinds – that’s my personal belief…”
See mark 4:04.
For the skeptics, consider that Pfizer stock lost $20 billion in market capitalization on February 8, 2022, when their record earnings fell short of more optimistic expectations.
Also consider that Moderna's stock is down some 70 percent from its high of $484 on August 9, 2021, wiping out almost $ 140 billion in investment.
Dowd predicts Moderna will drop to zero with bankruptcy as fraud related to concealing the COVID vaccine dangers surfaces, and he predicts Pfizer will become a sub-ten-dollar stock.
Dowd explains that the smart money has already left Moderna and will soon be exiting Pfizer.
Dowd foresees an avalanche of lawsuits coming as the insurance industry continues to uncover the legions of mounting deaths coming from the complications of the mRNA COVID-19 vaccines.
Dowd teamed up with an insurance industry analyst and researched the life insurance claims.
They found that since OneAmerica shocked the world by announcing a 40% rise in non-COVID deaths in younger working-class employees, multiple other insurance companies worldwide have seen the same thing – massive rises in non-COVID deaths. And the evidence inescapably points to the vaccines as the cause.
See minute mark 13:16.
Maybe this is how it ends.
Makes you think, perhaps, the Ukraine War might just be a distraction to flee from eventual Nuremberg Trials, doesn't it?
Who knows? I'm an idiot. Don't listen to me.
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