The “Let it burn” attitude doesn’t mean people think they are immune.

Yes the overall market will take a hit but, like a forest fire we need a healthy burn to just wipe out the weaker players so the older more mature trees can get on with it. Yes the big trees will get burned a bit but they’ll be fine in the long run.

We need a good brush fire to just wipe out all the iffy startups and investors that over-indexed here. Thats what people want with “let it burn.”