Markets are never entirely rational, but could market players have known the grand entrance of COVID 19 into the USA would lead to an actual economic shut down or was there no way for market makers to predict that?
I am starting to think the correction could possibly be done, with the caution that we still don’t know how and when the economy will be re-opened. If the entire USA re-opens except New York, will that really help?
If the market fell 40% NOT due to an imminent shut down but just to the news of the virus itself, then we really did ALREADY hit bottom. This is it. Because we now see that virus to be a big fat nothing burger. With peak in the next few days, we will see a lower death count day by day.
And it only cost us trillions of dollars to find that out!
Trump had no choice but to out-demagogue the demagogues.