@SviCapital, The stock is overvalued and everybody owns it. Also the AMAZON bubble burst. When sell off starts its the liquidity that makes it go lower. According to Morgan Stanley, JP Morgan and Goldman Sachs this downturn will be a liquidity crisis. Most index funds, major indices, pension plans etc have exposure to AMAZON APPLE FB GOOGLE NETFLIX etc. Who will be buying in a downturn????
@SviCapital, Yes but most of them under water. Margin Call is a B. Also Fed is draining the liquidity out of Markets. Until they cut rates and stop QT and re launch QE 4 you wont see a bottom in the Stock Market according to Hedge Fund managers etc.