DOW down 1100 as of now.

[NotTodayPutin]

This is probably harebrained conspiracy type stuff...

BUT...I'll say it anyways.

Are large funds managed by the uber wealthy, selling off and capitalizing profits from the 1.5 year growth we've had, to intentionally tank the market?

It's a win win for them, right?

They get their money from the sale of profitable stock, plus commissions on those sales. The market tanks, talking heads begin screeching about the economy, takes focus off reproductive choice and illegitimate SCOTUS decision...Blame POTUS for economy etc etc...

Then they buy back their stocks at a discount... lather, rinse, repeat?

Or I am just utterly paranoid?

[Lettuce Be]

1. I believe it was up 900 yesterday so it's not as bad as it sounds

[spooky3]

4. Except that it was down more than 10 % this year.

So things are still bad.

We always should look at the broader picture rather than one day’s numbers.

[JohnSJ]

2. It is rising interest rates, as simple as that

The 10 is above 3%, no risk

[NotTodayPutin]

5. Ok. Thanks.

I'm not a market wizard, just watching my 401k drop...

So it sparked my curiosity.

And apparently imagination.

[global1]

3. It's Just Business As Usual For The Market....nt

[mobeau69]

6. Good buying opportunity! 😎

[brooklynite]

10. Unless the market drops some more...

This is not a time to buy or sell outside of a planned investment strategy.

[Emile]

7. I just heard on FOX it's because of all that socialist spending!

[NotTodayPutin]

8. That seems legit..

And by that I mean..

Fox said that.

[brooklynite]

9. You're being utterly paranoid.

The "Large Funds" aren't being "managed by the Uber Wealthy". They're being managed by Fidelity, Vanguard, Charles Schwab, etc. who make them available to regular investors (and Union pension funds) for 401ks, IRAs etc. They control far more stock than "uber wealthy" plotters you'e imagingning, and it isn't in their business model to tank the markets for political gain.

My wife and I are 1%ers and I can assure you we're not raking it in with the market gyrations.

[PufPuf23]

11. Any time there is volatility in the security markets, there is profit taking

happening.

One needs to be naive to believe the markets aren't manipulated.

Think you are pretty much correct.

[Calista241]

12. Nah, it's a combination of things.

It's reaction to the interest rate increase, anticipation of a general slowdown in the economy, possible food and energy shortages later this year, and real questions as to whether the Fed and Congress can perform a 'soft landing' from the high growth we've had over the past year.

I have CNBC on for background noise while I'm working during the day, and they think the biggest risk is stagflation, a combination of negative GDP growth (which happened in Q1) and rising interest rates. Even if the risk of stagflation is minor, perhaps 10%; if it actually happens, we're all in deep, deep, deep crap.