We are having a V shaped recovery it appears.
What I mean by that is based on our presumption via stock prices that in approximately 6 months from now we will be back to normal.
Stocks & Recovery
Yes our government has stepped up to the plate. That is, technically through the end of the last stimulus check.
What about so far …
Returning to Work
Stock valuations (“CAPE”) reflect a mood last seen with internet stocks while the economic backdrop is worse than during the last depression.
Expected 2020 GDP: Negative 6%
A post script interview with Robert Shiller
Subject- “Irrational Exuberance” & Bubbles