While almost everybody in "The forcasting industry" seems to agree, that this is worse than the 2008 crisis, starting to resemble 1929. While at the same time the Markets have recovered nicely. (Now only 10 to 15% under the all time heights).
Markets are usually good indicators of future economic developements. Currently the markets say the following: Thanks to the financial instruments at the disposal today, there will be no repetition of 1929 (Helicopter Money and the FED now even buying up Junk-Bonds!!!).
And furthermore, the "back to normal" process will be accomplished successfully. A Vaccine will be found soon. Everything will be fine and dandy soon. That's what the Markets tell us at this time. May it happen!

Of course, if the "back to normal" process should not go according to plan, the recent Market-Recovery will only prove to have been a rally within a major Bear-Market.
Boy, we live in interesting times, don't we?

45 minutes ago, swissie said:

Boy, we live in interesting times, don't we?

Strap yourself in.

 

It will get even more interesting if/when America declare the virus an act of terrorism.  

4 hours ago, Leaver said:

Strap yourself in.

 

It will get even more interesting if/when America declare the virus an act of terrorism.  

I think the response from most USA states was tantamount to an act of terrorism.  Tremendous over reaction that has and will have monstrous short and long term effects. 13% of the USA labor force have filed for unemployment.

Edited April 18, 20206 yr by gk10002000

11 hours ago, gk10002000 said:

I think the response from most USA states was tantamount to an act of terrorism.  Tremendous over reaction that has and will have monstrous short and long term effects. 13% of the USA labor force have filed for unemployment.

There will not be an invasion, but I suspect there will be economic retaliation.  

FTSE is way below the highs so certainly a lot more than the 10-15% suggested

However multiple sources suggest vaccines are more "imminent" and once the markets start to react they'll move up sharply with shorts closing

Am expecting Dax FTSE and Dow futures sharply up pre open overnight 19/20th