Cheers. all good.
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Never since the great depression of 1929 have US markets gone from Bull to Bear at this great speed. Just 19 days for the Dow to go 20%+ down !
Not impressive enough ? how about the ASX down a whopping 26+% in just 3 weeks !
If we get community spread and lockdown in N.Z. in my opinion the ugly stick is going to bash everything on the NZX.
Multiples could come back substantially for all stocks, that's simply what bear markets do. Don't overlook the possibility of another great depression either.
https://en.wikipedia.org/wiki/Great_Depression
Couta is different...money means nothing. He is loaded...so bear does not apply to him
Don't forget at the first sign of an effective medication (possibly v soon) or a vaccine ( within 12-18 month) sentiment will reverse just as quickly & fortunes will be made.
The advances being made in both these areas are happening at record breaking speed with never before seen levels of scientific resources & collaboration being poured into solving this.
IP is being shared or even ignored in the race to develop medication & a vaccine & trials already underway in China with Remdesivir which looks promising.