Also, the Casino is heavily tilted toward the house. This week, the Nasdaq fell below 2000.
Someone is out a lot of money, and that someone is primarily the small retail investor.
According to Thomson Financial Securities Data, this was the most lucrative streak investment banks have ever seen in a single sector. Some insiders would argue that they too have been hurt by the stock market's decline. And in fairness, it should be noted that not every insider pulled out early. Some held their stock and took a hit. But the fact is not all stock losses are the same, because the insiders get their stock for pennies a share, if that.