I also heard Big Tech was serving as a flight to safety - maybe not as much as Crypto stocks and to some extent Gold - but yes. As far as the future - you can listen to 15 analysts and you will get 15 different predictions. But, both Dalio and and Jeremy Grantham believe there is more pain to come. Not sure in what form that will be (another Black Swan event or perhaps a slow grind as investors begin to wrap their heads around the shrinking margins companies will face in the future) but - that both say another 20 - 50% could come out of the market. That said - if you have a timeline more than 10 years out - I wouldn't worry about it. Pick some very good stocks, buy and hold. I was strongly considering Meta when it dropped below a 100 and TSLA when it dropped to 100 and passed on both. Kicking myself now - but oh well. I would consider picking up some good stocks and start dollar cost averaging in. Buy dips and if the market suddenly tanks - put everything left into those same stocks. Buffet isn't a fan of selling his holdings (he will but not too often). He takes all the dividends from his diverse holdings and uses that cash to pick up stocks on the cheap or add to his holdings on dips. It's a great strategy and really quite conservative/safe.