The scale of the Federal Reserve operations are unprecedented. I went back since records are first available since I have never seen anything like this before.
Using past data and trying to correlate it to the present is always dangerous. But the last time we have seen anything like this was in the following years: 1983, 2001 and 2009. These years marked the bottom and long bull markets followed. If governments continue this lock down policy, stagflation will rear its ugly head. There is just no way you can stop large portions of productivity which keep prices down and increase money and credit like this without stagflation.
I am still sitting on the sidelines. The psychology of the market is important and I think a retest of the lows will come.