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Is This a Pandemic?
This correction is mathematical. Valuations are rationalizing and memeverting for transparent reasons. This isn't a pandemic where we have no idea what will happen, nor are 100 year old banks collapsing,. It's these really boring names that are holding it up in the text stocks. We don't know where valuations agroing to go. Higher inflation periods typically have lower valuations. That's how the market got o like eight times earnings in 19 81 - cause inflation wis running hot so long.