A good thing. Stocks were way too hot. Who wants the correction to come right before midterm election?
Today I kissed my BITCOIN goodbye! My $250 investment is now worth $1! LOL
I think that the tax cuts taking effect will have a global impact and it will take a while for investors to find the places they want to take the next ride on...overdue (and overly exuberant) rate hikes added to the opportune moment for the correction - at the beginning of the tax cut because much will change as far as investment opportunities. The bonuses/raise hikes and other things implemented by so many companies was not a mistake - it will all work out and by mid-term time it will be obvious.
I’m another one that thinks it’s good for the markets to start paralleling the economy. They were WAY too hot.