RE: End of summer/autumn/winter1 Jul 2020 21:50
Clark,
As much as you mention the above, we are already in the midst of a recession, in fact the worst since the great depression. However, the ftse just recorded its highest quarter in a decade. Businesses are returning to work, the construction industry is running at full steam trying to meet housing targets by 2021. Food and hospitality (specifically supermarkets) have recorded around 80% rises in profits from last year, online shopping has kept the majority of shops a float and earning, office workers working from home saving the administrative and IT sector, etc.
I know when the furlough payments end, we will see a slight rise in unemployment and a drop in house prices I agree, but, by that time that damage has already been done and beginning its recovery weather its a V shape or a U shape (we won't know) as the majority of sectors have been back working before it ends.
I think most of us came here with the intent of hitting the early teens in the long term. Personally I have a hefty investment in EZY and if I can double my money in 2/3 years I'd say its well worth the wait. However, I expect to make more than double my money in the long term so it's each to their own and only they would know why they came to this stock in the first place.
However, I think you'll find the majority of holders are here for the long term.