[quote=davelj]
This is an outlier position but it wouldn’t shock me if we didn’t see the real bottom until after the vaccine is available, as that’s when there will be no more excuses for what I think is coming. Similar to the tech bubble, until the vaccine comes out, folks can hope and dream about what the post-covid world will look like – fantasies can run wild. Post-vaccine, the truth will be revealed… a GDP hole and massive, massive leverage accompanied by impaired long-term demand.
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That actually sounds pretty plausible to me. I have had similar, if less well-articulated, thoughts (when I allow myself to indulge in thinking about the timing of things).
