There appears to be a level of legitimacy based around fundamentals and investment research whose disintegration seems to be accepted more as each day passes. It is yet another part of an increasingly logic-defying investment environment.
One of the odder narratives that has been actively perpetuated by the legitimate and illegitimate alike is the idea of “buying the dip”, whether referring to crypto, stocks, or even real estate.
This oftentimes defeats all sense of logic and reasoning. Buying an asset/financial instrument after its sudden price decline with the expectation that it must rise is not an acceptable investment strategy; when an asset suddenly loses value it does not and should not insinuate that it is undervalued. It is certainly possible that it is, but determining that can only be done through quantifiable research.