Larry vs Market LIVE
STONKTSUNAMI
3/23/2026

S&P +1.15%. Fear Still Reigns.

Market rallies while fear grips. Who's wrong?

Glass elevator labeled 'STONKS ONLY GO UP' bursts through ceiling amid stormy clouds, cartoon investors partying inside.
Larry "Big Short" Burry

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."

S&P 500
+1.15%
6581
NASDAQ
+1.38%
21946.76
Panic Meter
VIX: 26
😬 NERVOUS

Fear & Greed at 8, yet S&P is up 1.15%. One of them hasn’t read the room.

Today, the S&P climbed 1.15%, buoyed by sectors that apparently didn’t get the memo about Extreme Fear. The NASDAQ and Dow Jones each soared by 1.38%, while the Russell 2000 led the pack with a notable rise of 2.29%. That’s three up days in a row for the S&P — someone’s feeling lucky or reckless. Meanwhile, VIX dipped to 26.1, suggesting full panic mode on a day investors decided to party like it’s March ‘09 again.

The real head-scratcher is the Fear & Greed Index sitting stubbornly at an ‘Extreme Fear’ level of 8. Either market participants are pathologically optimistic or data models need recalibrating. VIX above 25 indicates nerves, yet markets march upward as if ignoring potential cliff edges ahead — classic cognitive dissonance in action.

Crypto didn’t miss out on today’s exuberance either, with Bitcoin jumping by 4.5% to $70,914 and Ethereum leaping by 5.2%. While equities pretend nothing’s amiss, crypto’s apparent jubilation hints at an alternative narrative: maybe they’re anticipating helicopter money drops? Either way, they diverged enough from traditional markets to warrant a second glance at those portfolio allocations. P.S.: The waxing moon — clearly confused about who to influence today.

(Update 2026: Check out our latest analysis Extreme Fear. Market’s In Denial.)

💩 Loser of the Daily

Intel slid down a minuscule 0.01% today, which would be laughable if it weren’t so sad given everyone else rallied hard across the board. Their commitment to underperforming even when peers thrive suggests a niche expertise in avoiding success at all costs — perhaps they’re aiming for low-key dominance in mediocrity? Well played, Intel.

🔮 The Crystal Ball

The Oracle Speaks

"With VIX holding steady at a jittery 26.1 and Fear & Greed clinging onto Extreme Fear at an absurdly low level of 8, expect volatility as traders decide if they want to embrace sanity or keep riding this wave of denial straight into earnings season chaos — unless my crystal ball is cracked again."

Market Action (Interactive)

Today's Race (Intraday %)

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