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I'm expecting at least a 20% drop throughout April and then a VERY slow climb for the remainder of the year. It will then drop a bit again when COVID19 makes its way back in the winter. It will spook the market, but hopefully by then, the US and the world will be much better prepared and manage it better will shutting the whole freaking world down. I think it will take 2 solid years to come back from this. It is what it is.
Some small and large businesses will close up for good. New businesses will be created. Jobs will be lost and then created. Everything will recover, it will just be slow. Perhaps this virus will teach some larger companies to better plan and hold reserves rather than over-leverage themselves. The market was over-valued before this happened. Probably 10-15% over-valued. Maybe the rose-colored glasses can now be tossed in the trash.
Governments need to learn from this. It could have been a more dangerous/deadly virus.
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The forest was shrinking, but the Trees kept voting for the Axe, for the Axe was clever and convinced the Trees that because his handle was made of wood, he was one of them.
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