People CAN'T MAKE rent, 43% of small businesses expected to CLOSE PERMANENTLY, severe economic damage from supply chain issues just STARTING to show, people bracing for WORST RECESSION in 100 years... yet stocks and crypto are mooning?

This has to be the biggest dead pangolin bounce in history.Everyone is gambling on when the market will recover without understanding that there IS NO market. Most people will not be traveling or attending amusement parks or going to vegas for up to a year after this quarantine is over. This lock down has frozen people solid and showed that no one is safe, so the excessive spending and perma 45 degree angle upward stock market way of thinking is coming to an end. People will be saving, not spending, and I highly doubt people will be throwing money into bitcoin unless they can't get their gambling fix elserwhere.Everyone is like "stocks and crypto are on sale!". We're just starting to see economic damage from supply chain disruption and other problems arrise, up until then all this crashing has been caused by fear, not real pain.

Submitted April 07, 2020 at 08:08PM