...yes, these days even a -2% fall comes with so much trepidation, because everyone is on the edge of their seats concerned over the state of Where We're At at the point when markets (US in particular) are overstretched in valuations.
The $SPX is only down 4.8% from the ATH’s set just two weeks ago. A lot of individual names down 5-8x that I get it. But if -4.8% is causing this much panic already amongst the fintwit sphere, I can only imagine what -10%, or god forbid, a -15-20% drop will cause… Just -4.8%.
