Then it cratered. For a long time. Not saying that is coming. Only providing historical perspective.
The government spent 3 trillion two months ago and will have to spend more to maintain the market. What will be the consequences over the next 10 years?
It will be interesting to see where we stand in 1, 3 and 10 years. Valuations are insane right now compared to history. Recovery seems pretty empty. I hope you’re right and we have “recovered” but I see no long lasting evidence of it in terms of profits.
Our government is buying private company debt right now. I can’t begin to tell you how frightening that is.