Price in a depression folks. Job number projected is 20% unemployment. 30% GDP loss. The cost of a depression to equity was 50%. Looking at the numbers yeah, 14500 is a possible number. My initial case was 18000 at 35%. Let’s see what the stimulus is. We need at least 3-4trillion in stimulus, otherwise, yeah 14500 is a real scenario. Remember, this is a global economy now and the borders are shutdown. We have to apply a coefficient to the network effect of global trade.
