Re:2020 Stock Market Crash
by ajross on Monday March 16, 2020 @01:13PM
(#22594719)
It's a straw and camel argument. Realistically we were due for a correction. But the current 20%+ fall wasn't on anyone's menu.
FWIW: I think the much bigger long-term risk to this wikipedia article's framing is that the crash almost certainly isn't over. We have months of VERY bad economic news in the future still. Realistically the recovery won't even start for real until either the virus runs its course over the population or a vaccine is widely available. Both of those are going to take a year or more.
(Well, it's possible to get the virus to go faster of course. We don't want that.)
FWIW: I think the much bigger long-term risk to this wikipedia article's framing is that the crash almost certainly isn't over. We have months of VERY bad economic news in the future still. Realistically the recovery won't even start for real until either the virus runs its course over the population or a vaccine is widely available. Both of those are going to take a year or more.
(Well, it's possible to get the virus to go faster of course. We don't want that.)