Anecdotal evidence indicator: a good friend of mine called me today on the phone. We meet about once a month, both have small children and busy jobs. He has reservation #2 EU for Model X, got it on opening day after following my enthusiasm and taking delivery of S (he drives a LEAF). Anyway, also from my inspiration he owns TSLA. Got in around $100-120 IIRC. He's a good friend but we rarely take the time to just call each other to shoot the breeze. Yet today he did, but after a few minutes it was clear he wanted my view on TSLA. He was obviously considering selling his holdings and try to catch the falling knife ("get back in a little lower") or maybe he was likely just scared and had a knee jerk notion to just sell (I think even at $200 he's up >100% considering forex as well). I got him to reconsider using common sense: the market is being schizophrenic and much of the macro drop has to do with the cascading effects from it becoming painfully obvious how much stranded assets there will soon be in the fossil businesses. This drags TSLA down but for no good reason longer term, in fact on the contrary who will emerge as a big winner and likely go-to stock when this mini crash blows over? That's right TSLA, solar stocks etc. If he (and me, and you) didn't sell at $240 a couple of weeks ago why on earth would you sell at $200 today?
Anyway, a personal piece of anecdotal evidence that suggests to me that the sheep are running scared.
Addition: thx AlMc for mentioning my prediction that turned out true but as you said, for all the wrong reasons (I thought the Norway SC fire would have a lot of short term impact).
