Extreme Fear. Market Shrugs.

Larry "Big Short" Burry BEARISH

Senior Doomer Analyst

"Former death metal drummer turned market doomsayer. Predicts crashes using tea leaves and charts. His glass eye sees the future, and it's always red."

Share on Twitter Share on BlueSky

Fear & Greed Index at a terrifying 5 while markets don’t seem to care, dropping only slightly. Either the fear is exaggerated or everyone forgot to check their mail.

Today saw the S&P 500 dipping by -1.04%, the NASDAQ down -1.13%, and Dow Jones dropping -1.66%. The Russell 2000 also took a hit, falling -1.61%. All this while we’re supposedly in Extreme Fear according to our trusty Fear & Greed Index which sits at a chilling 5 out of 100. Yet, no screaming from Wall Street—just polite declines as if they were all attending a tea party for bears.

With VIX spiking up by over 10% landing at a cool level of 21.01, you’d think it was time to break out the bunker supplies. Instead, it’s just another day where emotions run high but movements are more like a slow dance than a panic sprint for the exits. Clearly, someone didn’t get their signals right because either the index is lying or traders have developed nerves of steel overnight.

On the crypto front, Bitcoin and Ethereum decided today wasn’t worth having an opinion about as both showed zero movement. Perhaps they’re waiting for equities to make up their minds first before taking any wild swings themselves—or maybe crypto investors are already riding their high horses made from past windfalls and couldn’t care less about what stocks decide today.

🔗 Related Larry’s Rants

• Dow’s Drowsy Drift: Snorefest Continues
• Market’s Identity Crisis Continues
• S&P Glides, GME Dives, Stars Confused

(Update 2026: Check out our latest analysis Extreme Fear. Stocks Laugh.)

💩 Loser of the Daily

Coinbase shed -6.48% today, a number that should startle even its most faithful hodlers who can’t blame transaction fees this time around—it’s not like trading volumes are booming in this bear market desert anyway. Losing almost half your lunch money in one session: classic Coinbase playbook stuff for when you realize customers aren’t too thrilled about paying top dollar just to trade their emotional baggage alongside digital coins no one wants right now.

🔮 The Crystal Ball