PDY

When stocks are down, it is pointless to sell.  Either buy or sit it out until a terrific news comes along.  PDY has gone crazy.  In truth, it is difficult to see how it can possibly garner $6 billion to built a port when its market capital is only a tiny percentage of that.

ETF

ETF trading is not real.  It is created by people in the finance world.  While it is supposed to hold the real equity or commodity, the assets are used as something to trade but the buyer or seller does not actually own the underlying assets but the units that reflect the asset value.  You pay a premium to those well-paid guys (usually big brokers) to create the ETF entity.

Apparently, the big fund managers do not like tech stocks anymore and want stable or reliable dividends and shifted their money around.  This apparently accounts for the plunge.  But then they have to buy something else with that money which they pulled out of ETFs that hold tech stocks.  So why should the whole market value fall?

There is no disaster.  It is fund managers having a party with each other.  They have decided dividend providing assets are the best flavour of the day.  My father could have told them that.  If the market continues to plunge on Monday, I see it as an opportunity to collect more dividend providing shares.  Instead of going down because of the shift of fund out of speculative ETFs, those good dividend equities also went down when it should be up.

I don't understand the stock markets but I know many people pay millions to these idiots running the show.  They would tell me it is too complicated to understand but they suck money from investors.