The people who were buying stocks decided that things were worth 4% less than they were at the start of the day. Odds are because they were never that valuable to begin with and the perceived value was inflated by historically low interest rates that will soon begin to increase.
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I'm really concerned you thought you had successfully dumbed this down enough.
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Let's start with "very stable genius"
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A lot of people lost a lot of money
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- Two words... Maybe three... George Soros and the Resistance!
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good economy finally translated to higher wages which triggered inflation fears
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