Disliked{quote} Equity's optimism is too bright to me. I think the lockdowns will need to be longer than politicians are stating. Lack of commerce carried forward, should weigh more on equities. The amount of money the government promised. Will not replenish the savings, and all the wealth spent. People will build back their reserves long after the crises ends. This process of "replenishing the nest egg". Will take much longer, than it took to drain it. That should remove/slow a lot of discretionary spending going forward. Postponing new car purchases,...Ignored
Rule No.1: Never lose money. Rule No.2: Market is always right !