A bear market, you say? Everything.Will.Eventually.Come.Right / Monthly Lee Seon-yeop, year 26, October (month 10) issue (Part 1)

In the October (month 10) broadcast of Monthly Lee Seon-yeop, the speaker says that 70 to 80% of the market views this as a bear market, but he does not. He says analyst reports are unavailable on urgent issues, news coverage is uniformly negative, and YouTube's algorithm pushes people toward opposite extremes, so they need to practice listening to both sides. He explains that the Nasdaq, Nvidia and TSMC are at all-time highs, while the KOSDAQ has recovered from its July (month 7) plunge, so this is not a bad market; Korea alone appears weak because of distorted buying and selling flows concentrated in two semiconductor companies. He says a global assessment centered on Micron is more reasonable than relying on domestic charts, and that semiconductor volatility is easing to 1 to 2% while bargain buying is coming in. Slowing employment and PCE reduce concerns about an October (month 10) rate hike, but because the economy is not doing badly, government bond yields move separately; he explains that rising rates driven by an economic boom have almost never reversed the market's direction. He views 5% interest rates as part of normalization in the context of a 100-year trend, and sees stable rates, the clearing of hedge-fund stop-loss selling and margin-call selling, and a stronger won with the exchange rate in the 1,340-won range as conditions for a shift in buying and selling flows. He says foreign selling is concentrated in two stocks and primarily comes from British hedge funds, and presents two turning points involving the end of share buybacks and Samsung Electronics' earnings, and stabilization in US core CPI inflation. All directional outlooks are the speaker's conditional judgments, not definitive predictions of short-term prices.