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It dropped in March because of fear and uncertainty. We didn't guess how bad the impact of the virus would be and no one knew how much ink the Fed's printer has
by Infinitesimus 6y ago
It dropped in March because of fear and uncertainty. We didn't guess how bad the impact of the virus would be and no one knew how much ink the Fed's printer has (turns out it's infinite!)
- vkou 6y agoThe impact of the virus has turned out to be... Exactly in line with what we were observing in China during February. Was the market in March also expecting a 20% death rate on top of that?
- bluGill 6y agoThe market tends to overreact. Remember it is a bunch of humans, there is no magical god behind it.