I’d suggest that it looks worse because it’s more sudden, and it’s more sudden because it wasn’t going to be bad, it just got all triggered “ahead of schedule” by COVID-19.
I disagree for the following reason: Unless we get terribly lucky we are going to have a prolonged period (6-18 months) of social distancing and travel restrictions. There's no fast rebound from that so not a big win even for those of us holding enough cash to buy the bargains (real estate etc).
