I'm still reading things in other US-centric forums (automotive, oil & gas industry) where people are remarking about "hysteria" or acknowledging current number

I'm still reading things in other US-centric forums (automotive, oil & gas industry) where people are remarking about "hysteria" or acknowledging current numbers but implicitly assuming that the increase in cases is zero. So I think it's very dangerous to assume that prices are accurate if probably millions of people haven't caught up to reality yet. One thing that I read is that the current rebound might have been largely driven by automatic rebalancing of institutional investors who split between stocks and bonds.