The rising cases of Covid19 compelled the government to announce a nation wide lockdown on the 22nd March, 2020.
The next day, the new Black Monday as some may say it, market opened with panic & blood on the street. Down by 10% at open itself.
The streets were empty with no buyers. Neither in Stock Market nor the Marketplace.
With billions of people across the world staying home & practicing isolation & with no humans on the street, marketplace was deserted & felt like a carbon copy of an Sci-Fi film.
Fast forward 1 year. And here we are. Back again. Resilient.
Amid the rising cases of Covid19, as some say the Second Wave of Virus Infections, places have opened up, people are looking back to go to work, children are again playing in parks & broader market ferociously recovering 2x with individual stocks up 2-10x from their lows in less than a year.
Thanks to the Central Banks prompt ‘crisis management’ & highest ever ‘stimulus’ we narrowly escaped a 1929 like Great Depression.
Only by looking back, we can understand the fresh lessons of bravery, patience, tolerance & resiliency we have learnt in past 1 year.
This is neither the first nor the last crisis. As long as we humans continue on our path of progress, we’d be constantly challenged. And sometimes we’ll have to pay massive cost for our ever going progress, just like we paid last year…