Reporting on the stock market generally is overwrought (stocks always "soar!", "plummet!", "rocket!") because the kind of typical events are inherently repetitive. Sports reporting is the same.

That said, the Nasdaq hasn't seen a lot of -4.8% days recently. This particular article isn't egregious.

>"That said, the Nasdaq hasn't seen a lot of -4.8% days recently. This particular article isn't egregious."

Sitting at 5.3% as we speak. This is probably the biggest drop since COVID if it doesn't recover by EoD.

+4% YoY and -4% in a day are vastly different in timescale.

And at 4% suddenly not keeping up with inflation or treasuries

Intel lost 50% of its value in a week. But it's up 50% from last year.

Anyone paying attention knows the market is in a weird place, and large swings today are the small swings of the past. It's hardly a "plummet" when the amortized line for the past month, including today, is mostly a linear decline.

We've had a couple of single-day 4% drops over the past few months too. Oh no, the market is the lowest it's been in... 3 months!?

Could it be a market correction? Could it be a collapse? Sure.

But is a single 4% drop worth a headline "plummeting into correction territory"? Not really.

> Could it be a market correction?

That term has a very specific meaning in that context.

https://en.wikipedia.org/wiki/Market_correction

JSYK, that's a paywalled link.

Ironic, how some people act like they don't understand gradients when it comes to AI-related share prices.

Seriously, according to the headlines I've seen shared here since June you'd think the market got wiped out 5 or 6 times.

I want to see an AI takeoff but it isn’t looking good right now. OpenAI is back to tweeting about AI generated gifs. They better drop something big soon.

Agree. it's not that big of a deal. i will be buying dip

Why were you in cash to begin with?

> Still +4% YoY.

Do you think people who buy QQQ are impressed with this?

VTV is up 21% yoy btw.