Small investors who lack investment experience in some cases sold shares of companies that achieved high operational profits driving the whole market to lose more points.

The companies that achieved high operational profits will recover to reach real prices whereas the share prices of companies that did not achieve good results will continue to lose value until they reach real levels.

Supply exceeded demand. If everyone offered their houses for sale then prices would drop. There is just no fundamental economic reason behind the recent drops.

Investors are shifting their money to shares of companies that have positive earnings outlooks this year.

Investors are becoming cautious after shares have performed so well.

My investors expect me to maximize profits.