[whatshisface]

Interest rates are still low and all of the return-seeking money that pumped up asset prices in the first place is still out there. Why shouldn't we expect it to go right back to seeking returns as soon as this is over? (Remember, stock market crashes leave both the number of dollars and the number of shares unchanged. They just redistribute the dollars.)

[adventured]

This is when the doomsayers come pouring out, as they always do no matter the crisis. In small ways they help provide the buying opportunities that should be taken advantage of as the equity streets fill with blood now and in the coming weeks.

In the last two weeks or so the doomsayers have seen their bullhorns acquire large volume increases, they're being given far too much credibility (like Merkel's obscene, wildly irresponsible statement about how up to 70% of Germans could get Covid; back in reality, it'll be a tiny fraction of that). The emotion and irrationality has now swung too far, per typical herd behavior. That irrationality may get worse yet, the panic is beginning to set in more fully.

[martinpw]

> like Merkel's obscene, wildly irresponsible statement about how up to 70% of Germans could get Covid

I've seen numbers in that range from multiple official places from people who are experts in the field. She didn't just pull that number out of the air. And I don't think it is obscene or irresponsible to share - it is a realistic and sobering reminder of the severity of the situation.

> in reality it'll be a tiny fraction of that

Yeah, I don't think I'll give much weight to someone who makes categorical sounding statements without giving any backing evidence...