Post by IndianSaint on Oct 28, 2020 19:10:18 GMT -5
www.google.com/amp/s/newsopener.com/movie-reviews/analysis-wall-street-is-spooked-but-it-should-have-seen-the-fall-coronavirus-surge-coming/amp/
Article implies - why is Wall Street or investors’ surprise.
I say, I’m surprised with how fast the stock market rebounded from March. I would have thought the virus plus unemployment, businesses shutting down and/or going bankrupt, plus everything else that’s occurred over the past 6 months would have resulted in a recession like period.
I’m not surprised at all that the stock market is correcting; I am surprised that it took this long for people to realize how bad the economy really is and will be until this virus is under control.
BYW, this virus probably won’t be under control until the vaccine is given to the majority of the population which most likely not occur until late next year early 2022, IMO.
Even if a vaccine were to happen next month; it’d take about a year or more to vaccinate the world, so we’re really talking about a 2022 recovery. How people can’t see this is beyond me.
Article implies - why is Wall Street or investors’ surprise.
I say, I’m surprised with how fast the stock market rebounded from March. I would have thought the virus plus unemployment, businesses shutting down and/or going bankrupt, plus everything else that’s occurred over the past 6 months would have resulted in a recession like period.
I’m not surprised at all that the stock market is correcting; I am surprised that it took this long for people to realize how bad the economy really is and will be until this virus is under control.
BYW, this virus probably won’t be under control until the vaccine is given to the majority of the population which most likely not occur until late next year early 2022, IMO.
Even if a vaccine were to happen next month; it’d take about a year or more to vaccinate the world, so we’re really talking about a 2022 recovery. How people can’t see this is beyond me.