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Comment by MattGaiser | Hacker News Reader

> Ive counted 2 furniture stores, a consignment shop, a few barber shops, and half the god damn bars

Retail like that is very underrepresented in the stock market, so those losses wouldn't be reflected.

Also they are competing for market share with companies on the stock exchange. The sad truth is a shutdown like this is terrible for small businesses that are going to die, but great for large corporations that can weather the short term pain.

Why I am bullish on restaurants. That space is going to have the greatest spread of that.

But many people invest in commercial real estate directly or indirectly, and all those travel/retail industry companies were advertising customers for google/fb, and their unemployed workers are customers for Apple and Amazon who now have no money.

That the stock market doesn't reflect main street yet after the biggest stimulus in history is perhaps unsurprising but also a little worrying.

REITs are in the gutter. Look at ETFs like ARR, TWO, AGNC over the past year.

Indices like DIA, SPY, QQQ don't have much of this, though.

You also have to consider that the stock market will probably represent a larger portion of the economy after all this, so while there may be less overall pie, if the companies on the index increase their percent of the pie, it may balance out.

Every furniture store around here has been "going out of business" for the last 20 years. At least that's what I've gathered from their "everything must go", "50% off" fluorescent signs.

plus in some areas the unemployment payments have been a disincentive for some to return to work. there have been stories in the news that for many it is more than would earn normally; however most seem to skip over that taxes are not deducted from all benefits and some are taxable so we might get a lot of heart ache come beginning of next year

Not immediately, but eventually the lack of spending and debt defaults will show up.

stock market will make new all time high any day now lol

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