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In response to
"A little of A, a little of B -- nm"
by
spamlet
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This is the correct answer.
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Valuations were probably a little overstretched and some folks were looking to pull some money off the table anyway.
Also, the market hates uncertainty. Traders prefer bad news to uncertain news. They know how to rearrange their bets in the face of bad news; uncertainty makes them just pull it all off the table. The Corona situation is a giant uncertainty bomb thrown into play.
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