People will read all of the lies as to why the markets turned down sharply. It’s all lies. Here is a probable real reason: The Democrats pulled every string possible to manipulate our markets down for leverage in dealing with Trump on the budget deal coming up Feb. 8. Guess the pundits all conveniently forgot about that.
Nonsense. By ALL historical standards the U.S. stock market has been in overvalued territory for more than a year. The best market analysis had been WHEN a correction would occur, not if one would occur. Recent Fed and labor-wage signals added to the concerns about how overvalued stocks were.
Too many people trade on “expectations” and ignore fundamentals. They bid things up on “good news” that often only means a stock may be good to hold, where it is, but not so good it should be bid higher. Then, having been part of building a bubble in values they look for excuses and conspiracies to explain why stock prices went down.