U.S. stocks wiped out more than $900B in a day. This WatcherGuru piece doesn’t really hit the drop itself—it’s about proving themselves: when the market truly turns, the safe-asset / risk-asset labels both start bleeding at the same time. The labels may make people feel comfortable, but they can’t save positions. In the end, what most likely survives is liquidity and a position you can sleep with. Are you proving your judgment is right, or first proving you can take the hit?