What a horrible UX on Safari.
34 karma · joined July 27, 2014
GFC didn't happen over 1 week, the bear market from GFC was from October 9/10, 2007 to March 9, 2009.
The losses in earnings as well as the reduction of consumption are hard to estimate, they need to be priced in into the stock's price which might be currently undervalued or overvalued. The idea is that no one knows exactly what the prices should look like. You might go for the S&P yield and end up losing 20% in the short term because of the price tanking.
The point is that investors like certainty, that's why some are holding cash or even a mix of bonds, cash and gold. They might prefer lower yields than S&P and more certainty.