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Despite the recent upward momentum, I believe it's time to abandon hope in a quick recovery and prepare for the new norm: elevated volatility.
The reality is we were due for a crash. The novel coronavirus was just one of many potential catalysts for the collapse of an overextended market. I remember not long ago (though it seems like forever), Tesla (TSLA) and Apple (AAPL) were going parabolic like penny stocks, and stock valuations in general were pretty rich.
I suspect that we're experiencing what Ray Dalio calls a paradigm shift. The old paradigm