[mcfunk]

"Yes, but: Two days of 3-percent-plus losses in the market don't constitute a downturn, or even, in technical terms, a market "correction" (which is defined as a 10 percent drop).

* Markets took a dive in late 2018 on recession fears, only to come roaring back. * Today's financial world is still awash in cash, which could provide a calming buffer. The venture capital world is still looking to invest huge amounts: Per Pitchbook, funds raised a record $88.3 billion and $75.5 billion in 2018 and 2019, respectively. * In some cases, smaller companies started laying people off even before this market drop, so they might be able to weather it more easily."