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.
