Investors probably wished they had hibernated this January. It was the worst month for stocks since this month last year.
The rise of the 1% means that the number of consumers coming to market with a bid has been reduced by two (2) orders of magnitude. Where there were 100 consumers with a bid, now there is only one. So, of course prices fall, inventories swell, and earnings are way off.Source
Once you remove the "buy on the dip" vectors, the trend is very clear . The next recession is nearly upon us and everyone with an IQ higher than their shoe size knows it.