META Plummets. Larry Smirks.

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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S&P down 1.74% while Fear & Greed is at a nail-biting 10. Panic and reality have synchronized, for once.

Today was a sea of red with the S&P dropping by 1.74%, NASDAQ shedding 2.38%, and the Dow losing 1.01%. If you’re feeling down, you’re in good company; Fear & Greed is sitting comfortably at Extreme Fear with a score of 10. It’s almost as if investors remembered that stocks don’t just go up, despite what recent gains might’ve suggested. The Russell 2000’s dip of 1.7% only adds to the picture of dread on Wall Street.

Contrary to the bloody massacre in equities, the VIX has calmly settled at a ‘run-for-the-hills’ level of 27.4. With everyone panicking, you might think now’s the time to buy — or maybe not, because when everyone’s fearful, sometimes they’re right. But who am I kidding? I’ve called for crashes during bull runs before, so take it with a grain of salt.

In crypto-land, Bitcoin dipped by 3.2% and Ethereum by an even sharper 4.5%. At least digital currencies are consistent in their volatility; they declined just as fervently as equities did today. While stock markets flirt with fear-driven strategies, crypto assets are screaming along with them — unison is always heartwarming in times of panic, isn’t it? And if all this gloom wasn’t enough, let’s not forget: BTC still sits teasingly close to $69k—a number that’s more meme than milestone.

🔗 Related Larry’s Rants

• S&P Up 0.54%. Fear & Greed Laughs.
• Extreme Fear. Market’s In Denial.
• S&P +1.15%. Fear Still Reigns.

(Update 2026: Check out our latest analysis Extreme Fear. Markets Dive Anyway.)

💩 Loser of the Daily

META crashed down by a staggering 7.96% today — like an overpriced headset off a virtual cliff. This isn’t shocking for a company trying to pivot harder than Ross Geller moving furniture but missing earnings expectations in its latest venture into the metaverse has left investors wondering if it’s lost in VR chat rooms rather than leading them. Maybe they’ll find profit hiding behind their next pixelated sofa.

🔮 The Crystal Ball