Yeah hospitality is going to get kicked in the nuts which means retail is going to get kicked in the nuts which means commercial real estate is going to get kicked in the nuts which means banking is going to get kicked in the nuts which means we're in a recession we just don't know how bad yet. I'll say this: 60 million people in industrial China were under lockdown for a month. There's going to be an impact from that. Everyone was going "we don't know yet" while also going "buy STONKS!" Presume China contained CV19 entirely. That could easily have been enough of a spark. Instead Italy has been cancelled through the beginning of April. 8th-largest GDP in the world.
How much is America's economy propped up by consumer spending? Like, all of it? I can't imagine, if people aren't gonna go to work and get paid, or even if they get paid but they don't go out, this is gonna be a real hard recession to turn around just for that. I'm worried. Not about the stocks mind you, but about people. Recessions hurt.
