The South Korean stock market triggered a circuit breaker today.
KOSPI opened down over 8%, and trading was halted for 20 minutes.
When people see news like this, the first reaction is often:
Is AI done for?
I don't think we're at that conclusion yet.
This feels more like a typical tech stock meltdown due to overvaluation, rather than the sudden disappearance of the AI narrative.
The better strategy right now isn’t to bet on today being the bottom.
Instead, start with a small position to test the waters.
If it continues to drop, you can slowly accumulate more.
Just make sure you're on the right side of the trade and don’t get wrecked in the volatility.
KOSPI opened down over 8%, and trading was halted for 20 minutes.
When people see news like this, the first reaction is often:
Is AI done for?
I don't think we're at that conclusion yet.
This feels more like a typical tech stock meltdown due to overvaluation, rather than the sudden disappearance of the AI narrative.
The better strategy right now isn’t to bet on today being the bottom.
Instead, start with a small position to test the waters.
If it continues to drop, you can slowly accumulate more.
Just make sure you're on the right side of the trade and don’t get wrecked in the volatility.
