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ProfessorGAC

(64,425 posts)
4. Seems You're Ignoring A Big Difference
Wed Sep 23, 2020, 07:55 PM
Sep 2020

The markets got jittery, the cratered after the recovery package was applied because the very action cemented how tenuous the financial industry was.
If an entire industrial segment, especially finance, has been proven to be in jeopardy it affects all financial instruments. Hence equity markets took a beating as investor confidence cratered
No such major industrial segment, aside from food service & hospitality, is in the kind of shape the financial industry was in 2008.
We differ on therapeutic & vaccine potential. The markets, after all, are bets on the future. Vaccines & therapeutics are not 10 years away.
So, the virus isn't going to have the impact on equity markets you propose.
And, you're comparison to the financial crisis conveniently ignores that you're talking about the entire financial industry.. That's an omission that's illogical.

Latest Discussions»General Discussion»Looking at the financial ...»Reply #4