> Everyone knows this pandemic is going to last WAY longer than a quarter. Probably a year+
It's not gonna last a year+ lol. Lately it seems that people of hackernews and r/coronavirus have an extreme overlap. Extremism is bad no matter which end you stick to.
Casually throwing around the term "lol" in an overly optimistic baseless projection of how long this pandemic is going to last IS extremism.
Are you literally "laughing out loud" about how quickly and painlessly you predict this is all going to be over? Or are you laughing at people who are taking it more seriously than you do? Really, what's so funny?
If you're going to be extreme, then at least be extremely CAREFUL instead of extremely FLIPPANT.
The world will essentially be on lockdown until there is a vaccine. Not because its so deadly, its really not, but because its SO contagious, especially per-symptomatic. It only takes one or two people to cause another massive flare up, thats why it will be more than a year. Even if a vaccine is found tomorrow, we still need BILLIONS of doses, and thats after approval. This is going to be a long economic disaster. We havent even gotten to significant layoffs yet I feel, the next two months will get real bad across all industry.
It almost seems comical that the market has rallied heavily in the last two days. It's not to the levels of Feb 19th, but surely more value should be knocked off than where it currently sits.
The market has nothing to do with revenue or people keeping jobs though. Wait until we start seeing quarterly reports from companies. wait until companies that were setup to have a few months of bad sales start running low on reserves.
A significant percentage of people on this site have never seen a recession in their entire working lives. In their lived experience, the DJIA only goes up, and every single dip is a buying opportunity that reaches ATHs within a week or two. Hopping overpaid React/Angular jobs every 18 months for more pay is normal and risk-free, since the job market has never not been hot.
I've been them, in prior cycles. They know everything, and won't listen to anything but actual hard experience. An education is coming, but not from our comments.
It's not gonna last a year+ lol. Lately it seems that people of hackernews and r/coronavirus have an extreme overlap. Extremism is bad no matter which end you stick to.