Hey guys, who is getting slammed by this drop?
Maybe this is a good thing because if we get a really huge drop, maybe people will finally stop putting all their eggs in the stock market basket.
Remember that the people really making all the money in this are the brokers - they get rich on every sale and every purchase. All that money being pumped into the markets by the Fed and other world reserves and central banks is going straight into the pockets of the mega brokerages.
The politicians are positioned to benefit along with them.
Joe Six-Pack with his retirement and pension invested in the markets have continually gotten screwed over the last decade. The people are easy to fool, for sure - over and over again.
Me? I have nothing invested in the markets in any form. My one neighbor is probably about to throw himself off a bridge because he's big into trading. Guys at work that like to think themselves as traders gotta be s***ing thier pants to day too. I'm on vacation until Monday, so it'll be interesting to see what they've been through.