, Columnist
Markets Are Approaching Their Point of Revulsion
The conditions for a snapback are being established.
Had enough yet?
Photographer: KAZUHIRO NOGI/AFP/Getty Images
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What lies ahead? And when will we turn? Let me try to answer this both in the short term (“When will risk assets enjoy a bounce after such a savage selloff?”) and the long term (“How bad will the total damage eventually be?”) The answers depend to a great extent on the coronavirus, of course. It is hard to see how a sustained recovery can last without clear evidence that it has at last done its worst.