You are correct, unfortunately!
But my question is: Could this be another planned grab for an ever larger portion of the stock market by a small group of hyper wealthy people?
I know. . this sounds like another conspiration theory. But I have been thinking about that since 2008, and I have not heard any reason why it would be impossible to accomplish.
I wonder if there is an on-going collection of statistics indicating which group of people begin those major sell-offs, and which group of people begin the rebound when it begin.
Does such data exist anywhere? Is it public data if it exists?
It is obvious that we know who really owns most of the stock: the top 10% owns 84%! But then, is it that far fetched to believe that those who own the most (let's say, the top 0.1%) could actually manoeuvre to grab another 4 or 5% of the stock market by triggering a major bear market, then picking up the pieces and thus triggering a bull market?
By the way, it seems that my first report was underestimated by ½, since we are now down over 1,000 points or over 4% in one day.
