Optimism is good but (1500-1600) can't be ignored

Stocks markets, risk assets, Cryptos are rallying (maybe recovering is a better term) as markets participants try to price in a possible slowdown in the COVID-19 pandemic.
But, even if the Pandemic miraculously disappeared today, the massive economic shock won't disappear anytime soon.

Major indices all over the world have already plummeted into Bear Territories and the recent rally is simply a correction. In fact, if you look at previous bear markets, you will find plenty of temporary Bullish rallies within the larger Bearish move.

So, I would advise everyone not to get carried away by this. This, of course, doesn't mean that you shouldn't buy good value stocks. In fact, I have already bought some stocks last month and I plan on investing in good value stocks over the next 12-20 months and hold them till the end of the next Bull market.

In the next few months, we will be dealing with bad economic data, a bigger than 2008 recession(probably), job cuts.

So, such rallies as the one we are seeing now will be sold aggressively and markets will plummet into fresh lows. Until a 50%-55% drop has happened, we can't start thinking about bottom formation. And in my opinion, we are at least 18-36 months away from that.