alt Hacker News> 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:)
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.