After writing last Wednesday, After a sharp rebound on Thursday, it plunged

1.
even further Friday, giving it a typical bear market appearance.

In particular, the global stock market melted down on Friday,
Before that, if there was a strong sense of profit-taking and sector rotation, Friday seems to have been a sell-off.

And today's director saw circuit breakers for the first time in a long time in the current KOSPI -10% and KOSDAQ -12% range  
(The stocks that fall to one spot are doing well today)

The United States and Japan go up and spit it out a lot, but it's a little unfair because the director-general got off without going up.

HBM, electricity infrastructure, food and beverage, cosmetics, and defense industries are plummeting at least once, and many marginalized sectors are falling together without performing well or rising.  
In this case, undervaluation, performance stocks, and dividend stocks all plunge, making performance and value meaningless  

​2.
If you look at Facebook's writing about the plunge a year ago today, this is definitely a time when supply and demand are weak.
The reason for the decline is different then and now, but in the end, it's because of the lack of supply and demand.

The drop began with Trump's comments, which were followed by a series of incidents involving the clearing of the yen-carry trade due to a rise in Japan's benchmark interest rate, concerns over a U.S. recession and Nvidia's Blackwell glitch, which continue to give supply and demand an excuse to escape.

In addition, it has risen more than last year, and last year's concerns are becoming a reality.  

Global liquidity is likely to decline as Japan raises real interest rates and gives room for further hikes in the future, and the U.S. economy is also on the verge of a recession.

Until now, you've been waiting for a rate cut, saying "bad is good."
When the conditions for the cut are in place, the market is out, saying 'bad is bad'.

The rate cut is now a fait accompli,

1) If you cut interest rates and the economy doesn't pick up and prices just go up, stagflation,  
2) If the economy dies and prices are set, it's going to slow down,
3) On the other hand, if the economy picks up smoothly and prices are well controlled, it is likely to go to Goldilocks,

Depending on how it goes, I think we should do a good job of selecting sectors.  

​3.
Considering that counter-trading volumes are coming out, it seems likely to fall further, but there is a possibility of another V-shaped rebound, such as last Thursday's sudden rebound, so we have no choice but to keep holding stocks.  

If you are a stockholder, it seems that it is a virtue to endure the decline rather than the risk of missing a sudden rebound.  

If you're not out of the market, you'll have a chance again anytime, so hang in there. (I'm glad the wrap isn't leveraged. I'll try to recover it somehow.)

It's already hit enough, so now I think I need to wake up and keep looking for stocks that will offset the drop and make a bigger profit.

​4.
It's heartbreaking to see a sharp drop in holdings, but a plunge like this all together seems to be an opportunity to switch to a better stock.
At times like this, I always wonder whether I should buy stocks that hold up well or stocks that have a large fall.
Empirically, the latter yield was higher.

I don't know if Big Tech, AI-related tech, power infrastructure, shipbuilding, etc. will be the leaders again, regardless of the economic downturn, but it seems like not a bad buying opportunity.

Even if PER does not receive re-rating again, I think it will be able to produce a decent rate of return following the increase in EPS.
(If the U.S. sees good performance despite the U.S. rate cut and economic downturn, and supply and demand are concentrated, it may become a leader again.)

Since stocks often change after the plunge, we are talking a lot about next week.

Lead stocks are sometimes made based on performance,
It is often made according to psychology and supply and demand like last year, so I don't know where it will come from this time.

I think it's easy to catch up with stocks based on performance, but stocks that surge in the latter are difficult to buy, so please come out of the former.

​5.
Even as the Middle East escalation nears, oil prices have fallen back to the $73 range due to concerns about a U.S. recession.

The U.S. energy sector and drilling are also spitting out parts that rebounded sharply last month.

Now the U.S. driving season is coming to an end, and even OPEC+ could enter the $60 range if it finishes cutting production.

Now the market is more afraid of a recession than of prices,
In the future, it may be better for the market to maintain some price indicators.

​6.
Shipping is also falling day after day along with the market plunge.
The fare is weak because it is in the off-season, but I think it is a waste to sell it because it comes down to the bottom of the band on P/NAV.
Bulk freight rates are also about to start to rebound, but if the market does not plunge further, the stock price may slowly rebound after the August earnings announcement.

7.
Currently, KOSPI is plummeting by 10% and KOSDAQ by more than 12%.  

Today, shipbuilding, bio, and secondary batteries, which have lasted for a few days, are plunging further, so there is nothing to avoid
If I had transferred, I would have been hit with benefits.

Given that HLB is still around KRW 10 trillion in market capitalization, KOSDAQ still seems to be expensive, but today's plunge seems to be a little over the top, so it seems to be close to rebounding in the short term.

Tomorrow, there are likely to be a series of stocks that drop sharply due to counter-trading, but it seems to be an opportunity for those who are good at trading.

Now in the 20th year since the stock started, we've experienced a number of plunges, but eventually the assets are headed upward.

Today's plunge is almost at an all-time high,

If you hang in there well and transfer well, you can make profits beyond today's losses, so please cheer up everyone.