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The last pandemic was the spanish flu which lasted a year, I think the markets will have recovered within a year or two.
by dangerface 7y ago
The last pandemic was the spanish flu which lasted a year, I think the markets will have recovered within a year or two.
- alkonaut 7y agoThe swine flu in 2009/2019 was a worldwide h1n1 pandemic that killed 150k to 500k depending on who you ask/how you count. The h1n1 prior to that was the 1918 one that killed 500M people.
- comicjk 7y agoThat doesn't follow. If people expected the markets to be back up in two years, they wouldn't be this low right now. Just because the pandemic ends doesn't mean the value of companies returns - some will have shrunk, some will have failed.
- zaat 7y agoDoes it still make sense to talk about what people expects when discussing the markets? isn't the vast majority of the action these days is coming from algorithms that try to predict the very very near future?
- AznHisoka 7y agoFurthermore, parent is assuming investors are rational. In an environment like the current, when ppl see their portfolio drop 10% in a single day and worry about their lives, they aren’t making rational pros vs cons decisions. They aren’t calculating future value. They are panicking and just do whatever they can to make their lizard brains feel better.