> My point is that whether there will be a crash or not is incredibly hard to predict. COVID did not come with a stock market crash
replyAs someone who had early PUTs against the obvious industries (travel, hospitality) - what I didn't foresee was the insane amounts of government liquidity poured into the markets.
> As someone who had early PUTs against the obvious industries (travel, hospitality) - what I didn't foresee was the insane amounts of government liquidity poured into the markets.
replyThey did it in 2008 as well. Although the amount in COVID seems insanely high, back in 2008, $700B was insanely high. People couldn't believe the government would spend that much to keep the economy going.
The real question is:
What else are you not foreseeing?