stock here: This is not unexpected. I was predicting a 10% drop from the S&P500 highs to at least “flush out” the 70% of traders/investors that use stops.
Fools and their money… Wall Street oligarchs laugh at how easy it is to steal from the ignorant, GREEDY peasants who suffer from TINA syndrome. “BTFD! You cannot lose”, “Trump will not allow stocks to tank”, “The Fed Bank will rescue stocks, if needed,”
MULTI-TRILLION dollar companies when the human mind cannot comprehend how large a number a TRILLION is. Throw in now OVER $39 TRILLION of debt and we have another mind-numbing, incomprehensible number. Congress and Trump plan to add TRILLIONS more debt with NO WAY to ever pay it back. And, NO we will not “grow” our way out of it. The sick DC liars have told this lie for THREE DECADES as the debt mountain gets ever larger. No way back now and the Fed Bank cannot do anything.