To add further perspective: The S&P is just below where it was in December of 2018. Do you still have the same optimism about the US (and even the world) economy now than you did then?

For me, the answer is a resounding No.

Yeah exactly.. people are saying it's the low today? Yeah good luck timing that.

Maybe they are right.. but like you just said- these are prices just a couple years ago. The modern world has never seen what is going on, and the economic impacts are almost unfathomable.

Claiming we are near a bottom just because it's dropped a lot is naive.

That's what I'm seeing too. Even more, based on the mandated closings and limits on business, there'll be some future econ. damage to restore. How do we lately do that? Stimulus packages, bail-outs, QE. The very same thing that drove us to the [still] frothy highs and ticked up the external debt.

It is a global issue, but at the end each economy will be affected locally.

Let's just hope the human cost could be contained.