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I'm a bit surprised nobody has called out the obvious. The market did correct for these fears and in doing so, dramatically overcorrected. Initial estimates we
by vorpalhex 6y ago
I'm a bit surprised nobody has called out the obvious.
The market did correct for these fears and in doing so, dramatically overcorrected. Initial estimates were quite worse than the current situation, and unemployment is terrible - but has been recovering at a rate significantly greater than anyone expected.
That doesn't mean we won't see declines or corrections in the near market, as it's possible the market is too optimistic now - but short of a crystal ball, nobody can actually predict that.