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Yes, I heard a "market analyst" on the radio this morning talking about how the market is probably near the bottom now that COVID19 has been priced in, and it's
by dwater 7y ago
Yes, I heard a "market analyst" on the radio this morning talking about how the market is probably near the bottom now that COVID19 has been priced in, and it's time to start thinking about economic recovery. Meanwhile, a reasonable analysis of the medical situation in the US leads one to expect there's a lot more downside to be exposed. What will happen to the market when people who thought they had good health coverage are turned away from hospitals, not in Brooklyn but in Kansas City and Peoria? Some forecasts put us 2-4 weeks from that.
- OJFord 7y ago> near the bottom now that COVID19 has been priced in, [...] Meanwhile, a reasonable analysis of the medical situation in the US leads one to expect there's a lot more downside to be exposed. That's exactly what they mean that's been 'priced in'. I don't happen to agree, but you can't say 'the situation hasn't been priced in, because the situation is going to get worse', because the whole point of 'pricing in' is that it's taking into account whatever thing we're pricing in, wherever we're going.
- munk-a 7y agoIt's my estimation that farming and food manufacturing sectors will be able to ride out this issue without feeling much hurt, but I think it's too early to definitively say. Right now tech stocks aren't doing terrible but if service companies start actually shuttering their doors then we're in for a lot more market dropping.