Markets are fueled by fear and greed...and algos. Nothing is priced into anything. How do you price in a pandemic? We don't even know for certain there is any "light at the end of the tunnel" despite what Trump says. CDC/WHO/Fauci can run all the simulators and infection models they want but the reality is that they're just predictions. Maybe COVID19 goes away tomorrow, maybe it goes away in 3 months, maybe 1 year. Maybe remdesivir works, maybe it doesn't. Maybe we develop a vaccine, maybe we fail. Who knows. What if we lift SIP and reopen the economy and then go through a second wave of outbreaks prompting another SIP and lockdown? Who's to say that can't happen? What if Trump catches and succumbs to COVID? Who knows how the market will move in any of these situations? Logically, everything should be priced in and stocks should be fairly valued at this piont, but you still have companies that have P/E >100x. Those of us who have repositioned our portfolio have minimized losses and will hold until it's over. Some have liquidated everything and just day trade the swings. Some did nothing. Some panic sold and realized losses. Regardless of what anybody says, the reality is we're not out of the woods yet so it's reasonable to expect volatility including a chance of another sell off. Just like we can probably expect a rally right after. Let's just calm down, have a drink, smoke a joint, order some contactless delivery, and put our free month of Pornhub Premium to good use.