@Andrew_Stotz @MebFaber @SamRo We will have ~30% drop in buying pressure due to the lack  buybacks and cutbacks in dividends (that won't get reinvested). It's hard to justify 2021 S&amp;P 500 earnings at 18-19X forward multiples anyway. Yardeni estimates around $150/share, I'd say $145-150 at 17X or $SPX 2,500...