small but useful

This is what happens when excessive speculation meets a BURSTING BUBBLE: The 3x leveraged long South Korea ETF, $KORU, has dropped -70% since the start of October, to its lowest level since December 2025. From its June peak, $KORU is down -90% South Korea's chip stock bubble has massively unwound. The 2021-2022 bear market looks like peanuts by comparison. Meanwhile, the KOSPI index is down -46% from its June peak, to its lowest level since March 2026. $EWY $SKHY Leverage in South Korea turned a speculative frenzy into an outright market collapse.

THIS IS INSANE: Korean retail investors bought over +$5 billion of US stocks in October, their 3rd-largest monthly purchase on record. After being burned domestically as the Korean stock market plunged into a bear market, they have been piling into US equities. But many are now underwater in the US as well, particularly those heavily exposed to technology and semiconductor stocks. What is happening here?