People forget where things were at BEFORE last March...
The Fed/Treasury “poofed” $7,000,000,000,000 of Monopoly money into existence in the last 18 months. Half was BEFORE the corona shutdowns.
Why? “Market softening”
When you live on steroids, you will crash. Inevitable.
There were signs that the Circus Maximus routine was coming to halt before this...which means the pain will not end soon. It was overdue...but not avoidable.