The authorities have essentially said they aren't going to let businesses fail. Even though that's what limited liability is for, but I digress. So if there's

The authorities have essentially said they aren't going to let businesses fail. Even though that's what limited liability is for, but I digress. So if there's a much lower chance of failure, prices for equities can be higher. Corporate bonds too. But I'm not so sure this bounce will last. There's a fair chance this is some sort of short squeeze dynamic. Longer term we'll see what the damage to the economy actually is, whether people simply go back to how it was or things have actually changed.