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Apr 8, 2020
10:17:20am
8-track All-American
It does because the market had anticipated that news. If you read the reports of
leading investment banks they have been "pricing in" worst case scenarios. So they were anticipating that sales would be awful and economic news would be awful. And they also priced in potentially hundreds of thousands of deaths from Covid. The models look more positive than previously so the market is recovering a bit. But again, it's still waaaaaay down.
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pjmckellar
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