Its not comparable at all. Also the economy has been falling apart well before this. The corona virus is nothing more than the black swan event that revealed how weak it was. Cracks actually started in the Repo markets in September, ever since the fed started non official Quantitative Easing just to keep from it all falling apart.
I hear many people talking in terms of will the market recover. What you dont hear is at what cost will it take to reinflate the biggest bubbles in history? The rise in the stock market was a directly correlated with the money supply increase. Once it all leaves the markets and money velocity increases we will see a dramatic loss in purchasing power.
Just trade TVIX while the market finds a bottom, once the engulfing candle stick pattern shows up SPY will be an easy dip buy opportunity. Easy, support and resistance…
The delayed imports may already cost me my sales plan and therefore bonus this year.
Some people don’t understand that a month of missed production takes many months to fill
Fed just thinking: “Oh the ECB cuts rates every 6 months, let’s do that again”. They out of ideas how to handle things. While the negative rates in Europe are crippling any investment, pensions, retirement funds etc… Getting loans and mortgages still harder to get as before 2008 while banks can basically get money for free from the ECB to give you it.
But hey. Billionaires stay billionaires, 100aires become 50aires. And that’s how it works and should work.
