Let's consider a few datas available:
1- First, some dates from the IMF (International monetary fund):
Growth rate US 2020: -5,9%
Growth rate US 2021: 4,7%
Growth rate Euro 2020: -7,5%
Growth rate Euro 2021: 4,7%
(In other words, at the end of 2021, we'll still be lower than currently if we add the numbers of 2020 to 2021 numbers).
IMF adds that we will probably face the "Worst economic downturn since the great depression"
2- Johnson and Johnson reduces it's estimates for 2020 by 8% (it's a company not that much sensitive to the general state of economy).
3- JP Morgan and Wells Fargo expect a severe recession in the USA with a 20% unemployment rate.
4- JP Morgan latest earnings were 2,9B$ compared to 9,2B$ last year (a drop of 69%).
5- About 5,4 million of canadians are receiving the emergency response benefit.
I'm only writing all that because I believe there should be much more stocks on sale right now. People should panic much more than that. That's why I can't buy anything at the moment because it seems like there's a panic pending... after the momentary lapse of reason we're going through right now.