Originally Posted by
Lowell
Imagine if, say two weeks from now, it was announced that a cure for Covid19 had been discovered. Sure, you could still catch it but after two pills and a night's sleep you would be over it.
Not very likely but, extended over time, that is what will happen--a vaccine will be developed and likely a cure or a partial cures will come too. It happened with the far more fearsome ebola and smallpox; it happened in large degree with tuberculosis and AIDS.
We will again crowd together in stadiums, restaurants, bars and we'll hug again. The only question is the length between now and then, how much economic damage will occur and whether that could cascade into a long-term downturn.
This is a true bulls vs. bears, cup half empty/ half full thread that underlines the challenge to our self confidence. Right now the train is still hurtling off the cliff and we don't know when it will stop. But it will.