This is the “Obama Drop” - the credit crisis triggered this, but the additional weakness has to do with Obambi’s threats to raise Cap Gains Taxes and raise taxes on businesses.
It’s no wonder that people don’t want to be invested in stock when a MARXIST appears to be taking over.
Throw in margin calls for traders and you’ll see end-of-day forced liquidations
I’m an options trader so I’ve seen this time and time again.
When I used to trade equities I had been forcibly liquidated many times late in the day when I didn’t wire in funds to cover my margin call. This all comes to pass.
So does a hurricane, but it leaves destruction and grief in its wake......