Thinking a 5% drop in one day is a big deal is recency bias. Other people have pointed out that statistically it is not that rare. We just have been living through an amazing run for equities.

I am not saying I know it will be fine or I know it will be terrible. I am saying I have lived through many 5%+ drops and they happen on the way up and down.

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chollida1 2 days ago | parent [-]

> Thinking a 5% drop in one day is a big deal is recency bias

In the past 5 years the S&P 500 has dropped 5% 1 time. the Nasdaq has done it 3 times.

You are ofcourse welcome to your own definition of a big deal but to me something that happens that rarely is a big deal.

At worst you'd have to agree that hte language is defensible:)

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dcrazy 2 days ago | parent [-]

I think the argument is that we have been in a massive everything bubble since summer of 2020, so you have to look back farther to truly understand the rarity of a 4% drop.

	▲	excorxism 2 days ago \| parent [-]
		The index isn't even the story. Chips/Memory/data center everything AI has got absolutely destroyed this month. Look at LITE, FLEX, FIX, TER, WDC, the Kospi.