Did Moderna Cure Cancer?

In this clip from The Drift, tastytrade founder Tom Sosnoff breaks down one of Wall Street's most enduring inside jokes and the moment it stopped being funny. Traders have used the phrase "what did they do, cure cancer?" for decades to describe any stock that makes an inexplicable, outsized move. Silver spikes. A semiconductor doubles overnight. A commodity goes parabolic. The phrase is universal shorthand: the move is so absurd it could only be explained by something truly miraculous. Sosnoff told Adam Mesh that he'd heard it and used it his entire career. And then Moderna happened. The company behind one of the most extreme stock moves in market history had actually done something comparably extraordinary. For once, the joke wasn't a joke. But Sosnoff's real observation is more unsettling: traders had been crying wolf with that phrase so many times, for so long, that when a stock finally earned it when the move was actually justified it almost didn't register. Watch the full episode of The Drift on Benzinga's YouTube channel. $MRNA. #TheDrift #TomSosnoff #Moderna 🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 🖥️ Want the same tools the pros use—without the $10K Bloomberg terminal? Benzinga Edge gives you real-time portfolio alerts, weekly stock picks, and pro-grade research in one command center. 👉 https://bit.ly/4unSKiB ------------------------------------------------------------------------------------ 📲 Follow us on socials @benzinga 🔔 Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.