FA & General Banter, page-9377

Ok economy back to normal was badly worded.

Improves.

The market was probably higher than it should have been when this virus came along, many had been warning of a correction for a long time.

Warren Buffet was cashed up long before the virus had a name, he can usually pick market trends and the market was too high.

So its gone lower with a massive jolt. It will reach a base this year and from there it will improve IMO.

It may take a long time to get back to where it was ok. Probably years fair enough. But how many points the DOW is measured in does not effect most families, most families may not even know what that means.

But it doesn't need to be back at that peak for families to buy new cars. Families have bought new cars in good and bad times for 100 years.

And EVs will continue to make an increasingly larger share of those new car purchases.

Tony Seba has forecast there will be $15k (US) EVs next year that do 200 miles. Cheaper mid tier EVs are on the way too. Once they start getting around and EV fleet vehicles start getting bought that then hit the resale market watch EVs boom here just as every previous consumer good/ disruptive technology has.