This Market is based on a hope that the old Normal will Persevere
It seems events are kind of pushing my philosophical string today. I heard an interview today where the interviewee made the statement shown in todays title. People are looking through all the badness and are clinging to a vision that brings everything back to where it was.
That is probably not very realistic but for the moment it has a lot of crowd behavior momentum.
And life goes on as we all adjust eventually to reality.