I agree, but what if they don't?
It's quite easy to just stop doing stuff, order everything on Amazon, and binge on TV and video games.
It's arguably even rational to do it. Socializing is somewhat of a risk right now, and I'm pretty comfortable at home.
The CDC said today that Americans should avoid taking long flights. The administration is downplaying the risk to Americans.
> which means everyone is trying to "buy low" as soon as any sign of long term recovery is seen
The market was given a chance to do that last week when the fed cut rates. The fact that futures are limit down tonight suggests that this selling may go deep.
I would love to "buy low", but the bottom may not happen until prices are back to 2008 levels.
Also 10Y is now down below 0.35. I'm not sure where the cracks in the system are, but this is a global stress test of the economy.