Extreme Fear. Stocks Dive Anyway.

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."

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Fear & Greed sits at an ‘Extreme Fear’ reading of 13, as if the market hasn’t noticed that the S&P is on its third consecutive down day. It’s almost like someone forgot to tell investors they should be buying the dip.

Today was a red-letter day for most markets, though not in a celebratory sense. The S&P 500 slid by 0.43% to close at 6878.88, marking its third consecutive drop and reinforcing that gravity isn’t just a theory—it’s market law. The NASDAQ fared worse, losing 0.92%, while the Dow Jones dropped by an even steeper 1.05%. Not to be outdone in their race to the bottom, the Russell 2000 tumbled a hefty 1.68%. You’d think with these numbers we’re prepping for a recession, but no—everyone’s just really worried about… something.

Contradictions abound today: the VIX sits at a modestly jittery level of 19.86, hinting that maybe everyone’s hedging their bets but not ready to sprint for the exits just yet. Meanwhile, our old friend Fear & Greed decided to throw itself into Extreme Fear territory with a score of 13 out of 100—a stark contrast from today’s market activity which saw prices heading southward rather than up. If you’re wondering who has it right—the charts or investor sentiment—join the club.

Crypto didn’t want to miss out on all this action either; Bitcoin took a hit, dropping by 2.8% while Ethereum plummeted by an even sharper decline of 5%. At $65,594 per Bitcoin, it’s clear that crypto is doing its best impression of traditional markets: mimicking volatility without any particular reason except maybe fear contagion from equities or perhaps just because they felt like it today. When stocks and crypto align like this in mutual decline, you know you’ve got yourself a fascinating train wreck nobody can look away from—yet Larry’s still here reminding you that today’s VIX hasn’t breached panic levels.

🔗 Related Larry’s Rants

• Extreme Fear. Market Ignores.
• Extreme Fear. Market Says Otherwise.
• Extreme Fear. Stocks Laugh.

💩 Loser of the Daily

Robinhood lost its touch today with shares falling by a whopping -4.53%. In case you haven’t heard, Robinhood’s model relies heavily on trading volumes—and as retail enthusiasm wanes faster than Dogecoin memes’ relevance—so does HOOD’s stock price stability. Perhaps they’re innovating another way for users to lose money? Either way—Larry’s hedge fund could probably do better with smoke signals.

🔮 The Crystal Ball