I did notice that CommSec has a warning up that they are experiencing a high volume of new account applications. That would suggest to me, that your thesis is probably on the mark, and we are getting close to the bottom. New people are seeing the value in getting into the market at a discount, so your bargain shoppers may not be far off at all.
Will it be a V-shaped recovery? Hard to say. It's possible. We may just go sideways from here and gradually grind back up. Or gap up.
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