There have been talks of a "V-shaped recovery" in the major indices once the COVID-19 pandemic blows off.
Well, that's not going to happen, because arguments such as this demonstrate a fundamental lack of understanding of how bear markets work.
The COVID-19 was merely a catalyst which deflated our debt bubble. In January, everyone was doing fine, we were winning big time.
Fast forward two months later, entertainment industry has basically closed down, air-lines and travel agents are on the brink of bankruptcy, over 2 million have been laid off already, the largest in U.S. history.
It's a lot easier to destroy something rather than to build it from scratch. Bear rallies like this one can last for a couple of months before dipping to the core of the Earth. Caveat emptor.
Well, that's not going to happen, because arguments such as this demonstrate a fundamental lack of understanding of how bear markets work.
The COVID-19 was merely a catalyst which deflated our debt bubble. In January, everyone was doing fine, we were winning big time.
Fast forward two months later, entertainment industry has basically closed down, air-lines and travel agents are on the brink of bankruptcy, over 2 million have been laid off already, the largest in U.S. history.
It's a lot easier to destroy something rather than to build it from scratch. Bear rallies like this one can last for a couple of months before dipping to the core of the Earth. Caveat emptor.
