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Share prices went up due to increased spending at the start of the pandemic (after the initial lockdowns) and it’s weird that people didn’t expect them to come
by micromacrofoot 4y ago
Share prices went up due to increased spending at the start of the pandemic (after the initial lockdowns) and it’s weird that people didn’t expect them to come back down - they’re basically back where they were in 2019
- blagie 4y agoIn 2020, there were quite a few possibilities, ranging from "it's a flu" to "the new normal." I think share prices had all of those baked in. "New normal" would have meant the end of retail. Now that we know where things landed, it's possible to re-adjust.
- micromacrofoot 4y agoYeah in 2020 that was understandable, but I can't imagine thinking that in January 2022.