2000 was obvious bubble when SPY forward yield was 2.x% and treasury was 6%! not to mention the naz was like p/e infinity. 2009 - I don't follow RE but it's a structural economic/financial problem... foreclosure inventory took years to diggest while the mortgage bonds took just as long to unwind. THIS is a fcking medical/health issue... nobody aint bankrupt yet... and liquid will be there in time. 2008 was the first experiment.... nobody knew what to do, who to bail out, with how much$.. Bernankie did hell of a job so we didn't freeze up.... this time once summer comes along virus gone... heck by Easter it will be obvious case number curve will be on the way down, people won't remember a thing other than the $3k per family free money. do some fcking independent thinking for the grace of gawd.
You're not anticipating the behavioral changes that have gripped people now, and how they will carry those changes way past the time the virus has passed. Assume the virus starts petering out at end of summer. Well, once the new cases of Covid start popping up again, (Covid20) if and when it mutates, the world is going to be slammed again by people freaking out and demanding to stay home, layoffs, etc etc. This time it IS different. Have some bearish vision for once.
gawd you so stoopido. first of all it mutates slow we are talking 5 years out if there is another out break. then the vaccine testing treatment eveyrthing will be far more ready to deal. for fck sake have some optimism. what behavior change... once virus gone people are gone spend like mad. just like in China people already ARE!!
People cannot spend what they do not have. New unemployment claims on Thursday, and then NFP next Friday. Hold onto your potatoes! (P.S. Can't you have an intelligent and intellectual conversation with anyone here without calling them an idiot, or stupid, some other insult?)
My favorite thing about reading your posts is remembering you say “buy buy buy” a month ago lol. Legend.
ok i won't call you stoopido if you stop asking stoopido questions. what spend they don't have. where do you think the $6t is going?
Id say that depends on how bad it gets and what the real numbers kinda turn out to be, like low fatality. People love being out. Eating, drinking, dancing and f**king. We will all die eventually is what the attitude will eventually turn to unless it’s like 90% you catch it and die.