Economy

Corporations have been awash with cash for the last several years, especially over the last 2 years. Since they weren't interested in hiking pay for their workers or issuing bigger dividends and there was only so much the C level execs could sop up before the tar and feathers came out, they turned to stock buybacks, and they bought back one hell of a lot of it.

Now we're in a steep inflationary period and they're not awash in all that cash any more. While I don't see them dumping all that stock they bought up, I don't honestly see them buying more, either. That means a lot fewer dollars chasing the same stock and that means the market is headed for a hangover after a long binge. Small investors are facing the inflationary problem, too, and the pool of buyers is getting smaller as frills like food and shelter take precedence.

I'm just hoping the steep drops don't last long, they could turn really bad really quickly.