I don’t see anything conspiratorial about it, just a normal correction. The velocity downwards though, could be causing a lot of margin calls, which would add to downward pressure. I think tomorrow we get a dead cat bounce, then next week settle down to a real new low. Then we start back up gradually. Given the drastic change in direction and velocity, I am not going to try to gamble getting in at the low. It will settle down first, so we can buy in gradually.
The futures indicate a 350 point rally at this morning’s open.