It's not just the stocks in your hand that are dropping. If we look at it from the perspective of 'drawdown from all-time highs,' most assets have taken a heavy hit over the past few years: NIO: -93% Bilibili: -89% Li Auto: -74% ETH: -66.6% BTC: -46.4% AMD: -38% Tesla: -36% Microsoft: -33.2% TSMC: -27% Meta: -24% Google: -22% Amazon: -20% The ones truly holding up are only two types: NVIDIA has barely pulled back, and Apple is even close to hitting new highs. Everyone has their own 'Hynix.' The only difference is whether you've recognized it or not.