PhDeac
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- Joined
- Mar 16, 2011
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once again, the market is a discounting mechanism- not to say it's not overly optimistic currently, but if promising treatments are potentially on the near term horizon and a vaccine is expected to arrive sometime in 2021, is there not reason for economic optimism looking 18-24 months into the future?
That's part of the point. The stock market is all about gambling on companies who will get bailed out no matter what so they'll still be around 18-24 months into the future. Much of the rest of the economy isn't that fortunate. The people placing the bets will still have money 18-24 months into the future, but many regular people definitely won't.