lt cap, et. al.,

I agree with much of your thinking on this. I am, probably, the most 'Cassandra-like' on the board.  But I think we may re-test the March lows. I'd be pleasingly amazed if the 'opening up' didn't result in a rash of higher death rates, with subsequently even more political clashes between those who value business above life, and vice-versa. If that somehow doesn't happen,  I think the next 'wave', whether it comes in the fall or winter, will be so psychologically demoralizing, the market will catch the 'fever.' If it's coming is inevitable, hopefully it comes soon enough to crush any chance of a Trump re-election.  Short candidates? American Greetings? Not so many "Happy Birthday' cards to grandma and grandpa? (sorry, sorry - terrible joke.)

But don't take my word for it. Laurie Garrett, a Pulitzer prize winning science/disease journalist, had an interesting turn on PBS newhour tonight:  pbs.org/ne...deaths

She also was the subject of this NY Times Piece:  nytimes.com/20...316408

If, as I think, the 'opening' of America will result in a large spike of infections and deaths, it'll be interesting to see how all of this gets 'spun' - obviously a lot of our lack of preparedness and what may be foolish choices will try to be 'drowned out' by blaming it on the Chinese. Trump supporters are probably receptive to that. When I see people 'protesting' without face masks and without distancing, I figure the best we get out of that is, if they're wrong and all die, the general of the IQ of the country gets a boost. Small consolation.

I apologize for the pessimism, bad jokes, unkind references. I do feel badly for the people that have to go to poorly paying, dangerous jobs that threaten their health because they need the money. We are, after all, the fortunate - those who can invest their money to become 'more fortunate'.