The masses associate large Market drops with bubbles popping, and that was valid for 2009 when the mortgage debt bubble fully popped (2006-2008).
The current Market drop is *not* from a bubble popping, however. It’s different.
Perhaps a slow deflation instead of a pop.
Well that, plus options are expiring today and Asian markets got creamed last night and Iran flooded the markets with oil after being certified by 0bama’s Iran deal today and BHP took a $7 Billion writedown today...and it’s a 3 day weekend ahead.
No one wants to be Long over this particular 3 day weekend.
No one wants to be Long over this particular 3 day weekend.
Next week will be a repeat.
How about too much funny money all over the globe and economic fundamentals treated like cleaning up after a squishy bowel movement. I am not saying this is the “major correction”, but eventually “gravity” will win in the end/era.