Originally Posted by
duke79
As I've stated before on this thread, I'm amazed at how well the stock market has done since the lows in late March. I realize investors are looking to a return to normalcy a year or so down the road (and essentially betting that an effective vaccine becomes available and/or some other treatment is developed). Maybe it's because I live in a region of the country that has been absolutely economically devastated by the pandemic and ensuing quarantine but I think there is a substantial possibility that the economic pain lasts longer than what many investors are expecting. I'm even more amazed at how the airline and cruise ship stocks have bounced back from their lows. Carnival Cruise Lines stock, for example, is already up 100% from its lows in March (although still down substantially from its all-time highs). I don't know about others on this board, but I don't plan to take any cruises or voluntarily fly on a commercial jet until the pandemic is well past and an effective vaccine is available.
For what it's worth what we've been told by upper management was that it would take 2 to 3 years for normalcy.
"The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge" -Stephen Hawking