I can’t see this being the same as March, the main difference being no one is shocked this time round. Decisions are being made without the massive “uncertainty” covid brought, there’s still bad news to come but really this shouldn’t be as bad as then and should bounce back fairly swiftly.
Yeah I think you’re right. It’s just more a correction than crash.
That being said, I would hope that some of the less sensible multiples rationalise a little as it’s probably not healthy. By that I mean, if a large amount of ridiculous multiple stocks completely crash it’ll have a broader impact on the whole market.