Quote:
Originally Posted by Tacoma
Quote:
Originally Posted by IK6SPEED
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If there's one thing about this COVID-19 situation, is things move fast. This article you linked is 2 weeks old. Today, at least Goldman Sachs abandons its bearish outlook and the worst is behind us.
I'm tending to think similar as well that we've bottomed out. Recent quarantines in US and Europe appears to have stabilized COVID-19 initial infection spikes and once the stay-at-home decrees are lifted (this Spring hopefully), people will be out and about boosting retail (including cars), restaurant and other business activity.
The one uncertainty is how fast the newly unemployed will will get back on their feet. Mitigating this is the poor unemployment numbers are likely already priced into the market. |
And this article, posted above, is 7 hours old.
https://www.axios.com/consumer-senti...4c487b504.html
GS also said the economy was essentially recession proof on December 31st and 2020 would not have recession. December 31st is interesting as it was the same day the WHO was notified about the spread in Wuhan.
https://www.cnbc.com/2019/12/31/gold...ion-proof.html
And I guess you have forgotten what happened in the last recession when GS said one thing publicly while doing just the opposite? Here's a story from 6 days ago.
https://www.reuters.com/article/us-g...-idUSKBN21P2G8
Does not matter what GS, Trump or Cuomo say. What matters is what the public thinks and we know what that is.