There is a lot of "explaining" of the recent market losses... But the only thing you need to know is that the market hit the top of it's current trading range and now must go down for WHATEVER reason...
It's interesting to see the bashing of gold going on however... Here the market masters and the FED CLEARLY don't want to see gold challenge the dollar in the coming downturn... And there will be a downturn in real estate, stocks and other assets... But the downturn in most cases will be because of the stagflation...
And gold and gold stocks should not be negatively impacted by stagflation.
Watch the panic to keep gold down...it's really the sine quo non for whatever comes next for the FED and the economy in general.