[rrrhys]

> I don't think we're in for a "correction"

> Housing will take a 30% haircut, and we'll probably see some of the over-extended corporate debt come to roost as well

What, then, is a correction?

[irjustin]

I suppose in this case a "correction" is a crash of some form. A fundamental shift, and Agreed there's no basis for a fundamental problem.

Valuations are too high so a "30% hair cut" is warranted, but something like "ninja" loans or IPO'ed tech companies with 0 revenue isn't a thing right now.

There were market wide fundamental issues that cause huge shifts. This simply missing this time. The VC space isn't wallstreet and it definitely isn't mainstreet. Even if a crypto+vc crash happened, we'd only be in "haircut" not full on crash as a general populous.