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66 points colanderman | 3 comments | | HN request time: 0.475s | source
1. micromacrofoot ◴[] No.34889797[source]
Share prices went up due to increased spending at the start of the pandemic (after the initial lockdowns) and it’s weird that people didn’t expect them to come back down - they’re basically back where they were in 2019
replies(1): >>34889895 #
2. blagie ◴[] No.34889895[source]
In 2020, there were quite a few possibilities, ranging from "it's a flu" to "the new normal."

I think share prices had all of those baked in. "New normal" would have meant the end of retail.

Now that we know where things landed, it's possible to re-adjust.

replies(1): >>34897423 #
3. micromacrofoot ◴[] No.34897423[source]
Yeah in 2020 that was understandable, but I can't imagine thinking that in January 2022.