Market Crashes. Fear Was Right.

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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Extreme Fear at 12 and the market took the cue, diving across the board. If only astrology were this reliable.

(1) The S&P plummeted 2.64%, NASDAQ followed with an even steeper fall of 4.18%, while the Dow settled with a more modest drop of 1.35%. The Russell 2000 couldn’t resist joining the party, shedding 3.47%. This is what happens when you mix a pullback after recent gains with a heaping spoonful of panic-inducing news cycles — nothing like a little scare to remind retail investors how gravity works in finance too. (2) Meanwhile, our good friend VIX sits at a jittery 21.5, marking real nerves in the air. With Fear & Greed languishing at an extreme fear level of 12, it seems the markets finally aligned with their emotional counterparts today. Unlike last week’s green rally that left everyone scratching their heads, today’s numbers suggest everyone’s finally reading from the same script — doom and gloom edition. But wait — if everyone’s panicking together, shouldn’t we be buying? Or have we finally reached new dimensions where up is down? (3) Over in crypto land, BTC slid down by another 3.5% and ETH nosedived nearly double that at -9.9%, as if taking cues from tech stocks’ dismal day but amplifying it for dramatic effect because why not? That kind of divergence between high-risk stocks and digital coins usually signals chaos or comedy; you decide which one fits better today. At least crypto’s chaos harmonizes nicely with equities this round—nothing like synchronized falling knives to keep traders entertained. Remember: moon phase waxing or waning might be plotting its next trick; stars remain confused yet unaffected.

🔗 Related Larry’s Rants

• Extreme Fear. Market Green. Pick One.
• Extreme Fear. Markets Plunge. Coincidence?
• VIX Slides. Everyone Breathes Easy.

💩 Loser of the Daily

Intel took a whopping hit today, down 11.28%. For a company supposedly driving innovation in technology, it’s interesting they can’t seem to innovate their way out of negative returns on a green market day — ironic twists abound when your chips are down during an industry boom cycle thanks to chip shortages easing elsewhere but not here apparently! Maybe they should invest more in PR than processors right now because humor is all that’s left when your stock’s as red as its rival’s latest gaming CPU.

🔮 The Crystal Ball