Why is the Stock Market Only Down 15%?
Tom Tunguz
MAY 10, 2020
Why is the S&P index “only” down about 15%? Given all the economic turmoil, shouldn’t the index collapse? I was wondering this so I went to the source of all truth on the internet, Reddit. As I read the investing subreddit , I stumbled onto an explanation written by VPride1995 using a simple mental model that illuminated one potential answer.
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