PGIM CEO Hunt Says Equity Markets Are 'Substantially Overvalued' [View all]

[bucolic_frolic]

Not posted as investment advice, you can make what you like of market valuations, some think it's a bounce, some think the Fed will pump to the moon, some agree with this guru's take. It's what he says about the rest of the world - state and local governments, taxes.

There's even a school of thought that many companies won't have the capital to reopen. I mean it's a business risk! Restart payroll, utilities, and will there be customers? Borrow to enter into a world of slow? 20 million Americans without paychecks. Permanently lower demand. Malls closing, commercial real estate empty, rents flagging.

Reality has to hit at some point. What if Trump held a reopening and nobody came?