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This is about what you would expect, if you understand how trading has been in the past ten years. The massive overvaluation we have had was dependent on rock-bottom interest rates.

If you don’t have rock-bottom interest rates, then stocks will have to stand on their own two feet. That is not going to happen at these valuations.

Over the past 10 years, capital has been grossly misallocated into financial-engineering trades that provide high returns at little risk. As these trades unwind, that will put selling pressure on stocks.

What happens when stocks start to go down? Hedge funds and institutional traders who bought on the dips and shorted the VIX will lose their shirt. When they need money to pay their creditors and meet margin calls, they will have to sell all their stocks, good and bad. That’s how the cleansing cycle of the market works. It is painful in the short term, unless you happen to have cash and can buy good companies at low prices..

That all sounds if devoid of globalists and cronies over those 10 yrs, but not so.

The hedgies have a scape goat if they trigger each other’s sell points, like orchestrated dominoes...all they have to do is blame Trump’s policies, and the MSM backs them up on their high brow NPR programs. Then, they get PDJT out of there and make more $$$ with crony/socialist/fascist structures in place. Sorry, you are thusly wrong. Your premise fails.