Well right now the trailing 12 month PE average for S&P is 20. So still above historical norm after this 20% drop. I wouldn't say things are oversold, rather everything was way overvalued.

And people are overlooking the fact this is just the herald wave, and probability of a catastrophic 2nd wave this fall/winter is pretty damn high. This isn't going away. This more than likely will move through the population a few times over the next few years until the vulnerable are "sifted through" so to speak. I want to believe in our scientific and technical capabilities but nobody should hold their breath for an effective vaccine in the next year or two. This has the potential to fundamentally and structurally change more than just the economy.

But I feel you..99x out of 100 you're spot on. Unfortunately, it's looking like the potential reality we might be facing is something most can't or don't want to comprehend. It at least deserves real consideration and thought.. we'll get through it and move on, but I don't think people grasp or want to believe what might be to come.