Current gdp drop is not comparable to asian financial crisis. Back then there was true demand destruction and the "capital structure" of the economy was not in the shape it is now.

The drop in gdp this time was self imposed through mco, however it was also accompanied by massive stimulus and interest rate cuts.

Theres no harm being careful. If the developed world makes policy mistakes there might be a major crisis in the offing. But there r bargains to be had now