We might be seeing a repeat of 2008, politically. The market's tumult that year paved the way for Obama and his radicalism. If there is like carnage here, yes, Sanders' vision of anti-markets, anti-biz might be appealing. He only needs to move a few % to win.
I'm a broken record, but the market hadn't priced in the risk a Dem/Sanders sweep. Might have seemed low risk, but with a high penalty factor.
I have to think this selloff is three pronged:
1, virus slowdown sparked it
2, earnings ratio on a CAPE basis (I posted a chart a few weeks ago) was historically lofty
3, Sanders risk