Can I ask that you not make up these kinds of headlines? The market didn't "crash," temporarily or otherwise, unless every instance of putting on the brakes at a traffic light counts as a crash.
He's not saying buy stocks after any crash, just after this one. The Japanese crash was a unique one because a corrupt old boy network of companies holding one another's stock and banks refusing to write off bad debt caused the fall to be artificially prolonged.
I think the title refers to the Knight Capital Group incident which is referred-to in the Editor's note:
One of the most interesting things about the catastrophe
at Knight Capital Group—the trading firm that lost $440
million this week—is the speed of the collapse.
If people know why the hedge funds are selling other positions (to cover shorts) I don't see that triggering a crash, more likely a buying opportunity.
Crashes happen when everybody starts selling and nobody knows why, so they sell even more.
When the stock market plunges more than a few percentage points during a single day, every publication on the planet calls it a crash. During the last "flash crash" the market recovered within minutes; it was still a crash, covered internationally and garnering its own Wikipedia page. The bitcoin market losing 33% of its value in an hour is a crash.
This is why you heard stories of people getting heavily underwater when the stock that had vested crashed. Not many of these stories recently, but the time will come again.
Trying to catch a falling knife
"<Category> stocks have been beaten up. It's time to buy now!"
Like clockwork, you can count on those stories appearing after a crash.
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