I’m not going to call anyone that is calling for a market crash a financial terrorist, but many that do make these calls are professionals that profit from disaster in markets. And, there are large swaths of people that never liked the rally from the beginning.
These stocks were already under pressure with all the high flying names that have made amazing moves this year … so they were soft targets. But, the free fall was even more spectacular, as stocks often come down a lot faster than they go up. I guess the personification of the decline is what engineers of the world’s tallest, fastest, and steepest water slide, the Verruckt (German for insane), had in mind.
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