There has been a half sized “bounce-back” during the day … but it shows the scale of the problem when I post it’s “ONLY” a 3.5% to 4.5% drop on the DOW, NASDAQ and S&P.
:Cry:
Apparently today lots of “mom & pop” people got their quarterly reports for their mutal funds and decided that enough was enough and have started pulling out remaining units – at least according to CNBC.
Basically no-one wants to get into the market right now – which means when you get a wave of people wanting to get out then stock prices just plunge without willing buyers.