I think there’s a ton of complexity in “the stock market” that is pretty orthogonal to prediction of growth and impact of the virus. It’s very believable that this ends up BENEFITING the weighted majority of major indices—big companies with the political and financial connections to be in the index are exactly the ones that use their bailout money to buy the broken smaller companies on the cheap.
I don’t know enough to predict the changes, but it’s not unbelievable that we have large price and monetary inflation, even while the government lies about it with skewed measurements, so the stock market keeps up, and anyone who got out and put their hope in cash-equivalent or government-inflation-indexed instruments loses out.
I think there’s a ton of complexity in “the stock market” that is pretty orthogonal to prediction of growth and impact of the virus. It’s very believable that this ends up BENEFITING the weighted majority of major indices—big companies with the political and financial connections to be in the index are exactly the ones that use their bailout money to buy the broken smaller companies on the cheap.
I don’t know enough to predict the changes, but it’s not unbelievable that we have large price and monetary inflation, even while the government lies about it with skewed measurements, so the stock market keeps up, and anyone who got out and put their hope in cash-equivalent or government-inflation-indexed instruments loses out.