By Cody Willard, MarketWatch
We might have just lived through a stock market crash. But we may still be in the process of living through a crash.
The markets hate confusion. The markets can’t discount future cash flows if nobody has any idea what future cash flows will look like post-Coronavirus Crisis time. We don’t even know at this point if there will be a post-Coronavirus Crisis time.
The changes in our society from this crisis will be huge. And it could be a long time before things return to normal, if they ever do.