The Investment Thread
nothing is a "surprise" in the market- they were always waiting for the shoe to drop and exit en masse, leaving a bloody trail behind them
they dont unwind slowly over time...they want to maximize profit.
And while it is certainly more than that, ( jobs, war looming etc ) this was definite catalyst for a "shock" reaction vs a slow draw-down allowing folks to make rational decisions instead of snap decisions.
and social media can and will create a "feeding frenzy" effect too.