A comment about today's stock market downturn ... These corrections happen all the time. It's been too good for too long. Some people panicked today and lost money because of it.
Most likely, wiser investors will buy up these cheaper stocks in the days ahead. The economy simply is too healthy to assume there's going to be a recession or worse.
In fact, many times these economic numbers get corrected in a month or two, and it turns out everything is okay.
https://www.cnn.com/business/live-news/global-stock-markets-plunge/index.html
The stock market must go up, because the rich have to put their increasing riches somewhere: they can't possibly spend it all. Anyone or any entity who has less than $200 million or so in stock is simply riding the on the backs of the giants.