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People don't know how far it's going to go down. We have no idea what kind of disruption is going to happen to global GDP. As the situation clarifies itself,
by empath75 7y ago
People don't know how far it's going to go down.
We have no idea what kind of disruption is going to happen to global GDP. As the situation clarifies itself, it may very easily become worse, which would continue to drive it down.
- positr0n 7y agoWhat OP is saying is that the current price reflects the average investors best guess at how bad it's going to get. If some more people start thinking it's going to get worse they will sell and that statement will (essentially be) instantaneously true again.