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Stocks made new lows Monday, but fear is receding. So far, my guess that last Thursday marked the worst of the crash seems to be holding up. The Vix has peaked, but stocks have yet to bottom, which calls to mind what happened in the 2008-9 period, when the Vix peaked months before stocks bottomed. I'd like to think that we'll see the bottom in stocks sometime in the near future.
On the margin, things continue to improve. The news has become less bad: there are now quite a few therapeutic drugs available, testing is