It is obvious. All indices have been pumped up to insane heights since late 2024. KOSPI is crashing because the memory manufacturers are priced for continued bubble orders books. Those orders cannot be sustained and the selloff started in Korea, just as it did in the 2000 bubble.
The press is still instructed to avoid the word "cyclical" in connection with hardware, but the insiders remember 2000 very well.
If you watch daytrading, stocks like SpaceX or Micron are pumped up shortly after every opening so the insiders can sell higher during the day.
The insiders also own the press and analysts, so they desperately still construct positive narratives.
The press is still instructed to avoid the word "cyclical" in connection with hardware, but the insiders remember 2000 very well.
If you watch daytrading, stocks like SpaceX or Micron are pumped up shortly after every opening so the insiders can sell higher during the day.
The insiders also own the press and analysts, so they desperately still construct positive narratives.