Total Market Valuation Today vs 3/7/2020 (inspired by boji1)
The specific IXIC value, on the other hand, is up roughly 45%. In lieu of all of the talk about market bubbles, I think we should look at the possibility that we are in a TECH market bubble, but overall, the IXIC, SPX , and DJI are on track. I believe that this indicates that the recent IXIC correction, no matter the cause, is an indication of the beginning of a IXIC correction to the favor of the SPX and DJI, or simply a sector rotation that is natural and possibly even overdue.
This is not to say another major correction or recession is definitely not coming, just that based on this view, it is much less likely. Don't panic! Rotate out of tech, buy other sectors, and keep cash on hand for the tech bottom.