David Scranton notes that until recently most investors had too much confidence in the rapid eradication of the Corona Virus. We didn’t factor in that it could be take much longer. Is this the Black Swan that we’ve all been waiting for? Is David a stopped clock or a Chicken Little? It’s not the tipping point that causes a change, but perhaps it’s the rationalization for it. Emotions are constant and that’s why history tends to rhyme.
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