NASDAQ's Nose Dive: What Now?

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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VIX sitting at 20 while the Fear & Greed index screams Extreme Fear. Yet, the market’s still pretending it’s all good — a classic case of selective hearing.

(1) Last week was a bloodbath for major indices: S&P -2.52%, NASDAQ -3.1%, Dow -2.42%, and Russell 2000 -2.45%. It seems as though every sector took a page from the book of gravity with tech leading the way down. Meanwhile, the Panic Meter (VIX) climbed by 3.48% because everyone suddenly remembered what fear feels like. (2) So why isn’t everyone hitting the eject button? The data is confusing but not contradictory if you squint hard enough: a volatile VIX meets Extreme Fear on one hand and rallying bonds on the other — as if investors are doubling down on defensive plays while keeping one foot in growth stocks ‘just in case’. Spoiler alert: someone’s hedging their bets wrong. (3) Crypto gives us its usual mix of chaos and calm; BTC saw minor upward movement even as equity markets struggled to stay afloat. It’s almost poetic how digital gold thrives amid panic that leaves traditional assets in shambles. A true testament to our love-hate relationship with risk.

🔗 Related Larry’s Rants

• VIX at 20. Markets Still Dreaming.
• Intel’s Dive: -5% Commitment
• Extreme Fear. Green Market. Pick One.

(Update 2026: Check out our latest analysis S&P +1.15%. Fear Still Reigns.)

💩 Loser of the Prediction

(1) NASDAQ took a hit last week, dropping by 3.1%. (2) In a world where tech leads revolutions, this drop is either hilarious or tragic — especially when heavyweights like Apple and Tesla are supposed to be steering innovation but instead seem busy rechecking their GPS coordinates towards profitability. (3) Perhaps next time they’ll try adding ‘up’ arrows to their roadmaps.

🔮 The Crystal Ball