Market already wiped out the Robinhood small cap long traders starting in August and now it's going for the Big cap Tech day traders starting in Sep.
The ones who made lots of money in $TSLA$AAPL, $NVDA etc etc etc.
Market wants their $
Takes time but the process is underway.
my friend followed your predictions and put all his 401k in cash last month , not easy to do the first time but he will make a ton when he buys back near bottom