An assessment that any recovery in the economy will take until "2025 or 2030" seems incredibly pessimistic to me.
People sitting at home unable to work is bound to cause unemployment numbers to rise and production to fall, yet the media is announcing these things as if they were unexpected.
Once people get back to work, which most of them will have done before the end of 2020, these numbers will be back to close to pre-covid levels. Add in the pent up demand from consumers (not just products, but services, too) and the likelihood that, having been caught out by "just in time" stocking, companies will adopt "just in case" levels of stock and you have a recipe for a quick recovery in the economy.
As already pointed out, the stock market is evaluating the future not the present and, in my opinion, that future is 2021, not 2025 or 2030.
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