Doesn’t work like that.
Yeah, the Bottom Feeders will take their profits and run back under their rocks................
I mean, who knows exactly HOW it works at this point?
All we really know is that at some point, we’ll be able to determine the actual value of companies again, as the situation stabilizes. Then we’ll be able to make some relatively good predictions of forward earnings for companies, and then the market will move to appropriately price companies.
I can’t imagine why anybody would look at a stimulus package, and think it is time to buy an airline or a cruise line stock. Nobody is taking a cruise until we have a really good treatment or a vaccine, and even then, I think some people are scared off.
On the other hand, there are hundreds of companies that just rode down with the world, and they are probably undervalued by the market at this point.