It's deflation fear. It's also a market adjustment, so people have to first sell any stocks they held for long term economic growth, and then use that money to buy financial bubble stocks. Of course there is also money on the sidelines but that money will stay on the sidelines as long as there is deflation fear.
Once the Fed does enough printing, then we will get inflation fear, but we are still a ways away from that.
24 posted on 03/15/2020 5:26:15 PM PDT by palmer
(Democracy Dies Six Ways to Sunday)