Start of the second bottom entry 😱
The second bottom that was anticipated to come with the employment statistics seems to be really happening. Last night, the mystery of the rise in employment statistics announcement quickly turned downwards. The Nikkei futures also dropped significantly, and Japanese stocks next week look terrifying 😇
However, this second bottom, unlike the sharp drop in Japanese stocks on 8/5, is expected not to decline rapidly. This is because everyone remembers the reversal the following day on 8/6, so I don't think panic selling will happen as much as last time. I believe many will hold on with a bullish sentiment, but I predict that it will gradually decline over time. Even those who were initially bullish may eventually feel fear if the decline does not stop, and they may gradually turn into panic selling with a time lag. The logic is that selling occurs intermittently, leading to an unstoppable decline. If it drops suddenly and there are no more sellers, then it will reverse sharply afterwards, but a gradual decline with staggered selling makes it less likely to rebound, which I think is more tricky 😢
My portfolio now consists of defensive high-dividend stocks, as a measure against the strong yen $Nitori Holdings (9843.JP)$ which had been rising yesterday, focused exclusively on defensive high-dividend stocks $Philip Morris International (PM.US)$ Now, now, will Nitori benefit from the strong yen, or will it be affected by the Nikkei's downturn? 😇
Many people may be aiming for bottom fishing like on 8/5, but I don't think it will go that smoothly. Let's be careful with risk management ⚠️
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規律可能性が高くて直線上昇する銘柄が好みです。ファンダはあまり意識しません。勝ち馬は伸ばせ、逃げる時は脱兎の如く
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