---
type: "Topics"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/topics/39650828.md"
description: "$Microsoft(MSFT.US) Fortunately, during the 395-400 phase, I swapped almost all of my Microsoft holdings for index funds, and the drawdown is much smaller. However, the overall market drawdown is still at the "small to medium drawdown level." It's just that this round of large-cap stocks has fallen a lot, especially Microsoft, so the feeling of holding the "Magnificent Seven" is quite pronounced.Now it's only recovered about 10 points, so we still need to be cautious. A 15-20 point drop counts as a major drawdown. A drop of over 20% is when a stock market crash truly begins. The US stock market has experienced multiple 30-50% declines before.Warren Buffett recently told Becky Quick on CNBC that there hasn't been a substantial decline at all, so we should continue managing our positions well. I wonder if I can pick up QQQ around 500."
datetime: "2026-03-31T16:38:54.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39650828.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39650828.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39650828.md)
author: "[均衡配置少操作](https://longbridge.com/zh-CN/profiles/14398409.md)"
---

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# $Microsoft(MSFT.US) Fortunately, during the 395-40…


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