ya - it falls into that group of narratives like "maybe we can avoid a recession" and "its only a few bad apples" spun by the bank analysts charged with releasing bullish analysis, lol.
yup - and out in the open too. The fact that most media and markets ignored the information is one of the best indicators that we were in a Bubble then.
BTW, all shtick aside, I think of your Bloomberg article on Reddit/WSB is the most important finance article of the past decade. I have mad respect for that work. And, on a personal note, it helped me understand the forces that got unleashed and kept me from going totally insane.
Was at a fall event and my neighbor who works at the DOJ was just melting down in front of us from anger/frustration of how bad the new admin is. She also mentioned how many people just quit every week. We the non-sense in the headlines, but the creeping damage is felt by more & more people weekly
absolutely re: Covid. Even beyond those fundamental factors, the simple fact that risk assets rallied like crazy months before if we would get a cure, probably broke a lot of investors' ability to evaluate risk thereafter.
