including myself. What 'up' market has ever gone on as long as this one has, for almost +- 11 years?
Perhaps the coronavirus was one of the last straw of the rump disaster in the WH? Perhaps all of the other idiotic actions by this president and the harm he's done to our overseas relationships and our economy finally sunk in?
Other things have been dragging the markets down (slowing manufacturing, higher inflation rates, somewhat higher loan rates, etc.) and perhaps all it needed a tiny push to go over the edge, after all, it's been a good ride and therefore, time to pull out.
Perhaps that's what some market makers did. Since the markets have been so 'fixed' and at the same levels literally for the last 2 or so years, give or take a thousand points, the spread hasn't been too good for those stock pickers and bankers who buy low and sell high (returns have been lousy), so those few who have made money in the last couple of years (where the markets seemingly always went up no matter what), saw their profits disappearing. Those who made money over the last couple of years sold their stuff and are running away as fast as they can.
Thing is, as more and more people pile on in selling, and trying to keep their profits, the markets start sliding down in response faster and faster (in response to a surge of more stock being offered for sale than normal). This is what is happening now. Kind of sad in a way that good decent people like us are losing money, but hopefully most of us took some off the table prior to all of this happening, as most reputable financial advisors recommend, e.g., if you made money, take some off the table periodically.
No one overseas is racing to help the US, why should they? After all, they have the coronavirus squarely in their headlights too, coming right at them. Rump has been moaning about all of the help that the US has provided the world, w/o pay, for decades, etc., so why should they even appear to be lending rump a hand? If I were them, I wouldn't. To be honest, I would be sick and tired of dealing w/ rump and his idiotic antics. It's time to let a grown man step in and take over (not pence though). This won't happen though, the world is too interconnected as it is (as we are seeing now, even with rump's isolationist leanings) and countries won't let each other go down as it could perhaps affect them too (drag them down too).
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