DOTR
Gold Member
- Oct 24, 2016
- 14,270
- 3,525
- 290
Wow, that is uber optimistic from my point of view. I don’t think we will see new highs for at least 3 years. We haven’t even felt the economic impact from this yet, so I have a hard time seeing how we get to new highs this year. I suspect we are already in a recession.
I believe the recovery will be quick. This is not an economic pullback but rather a biological one. The underlying economy is still strong, the market hates the unknown and no one knows how long it will before this virus runs its course.
Millions of events are being canceled which will cost hundreds of billions of dollars. Once they begin to come back on-line so to speak, American's will be eager to get back to normal.
Pent up demand will be tremendous. Democrats I feel will be disappointed again as America recovers. But the real danger is the federal programs they will try and create out of this. And another ten years of ZIRP. Even in the best of times they yell for stimulus. Its what they do. There is never a time in America's history they said "things are looking good lets cut handouts".