Market Where Irrational Judgment Appears | Executive Director Park Se-ik & Chesley Investment Advisory

Summary

Park Se-ik uses behavioral analogies and historical patterns to navigate the current market turbulence. He identifies a buying opportunity in Korean entertainment stocks for a 2027 rally, forecasts a KOSPI bounce to 7,650 similar to the 1987 Black Monday recovery, and suggests monitoring domestic consumption plays if the won strengthens. Foreign futures tactics and a managed fund product are also discussed.

• Foreign futures selling causes program-driven volatility, creating short-term dislocations in KOSPI.
• Behavioral analogy: markets act irrationally, much like people screaming at a cockroach instead of the weak insect doing the screaming.
• Korean entertainment stocks follow a strong even-odd year pattern — depressed in 2026, set to rally into summer 2027; buy Hybe and the sector.
• KOSPI's plunge from 9,300 to 6,000 mirrors the 1987 Black Monday collapse; a 50% retracement to 7,650 is expected.
• If the won continues to strengthen, Korean cosmetics, food, and department store stocks could surprise with sharp rallies, reminiscent of 2001.
• Bank stocks have hit new highs, offering a pocket of strength amid the sell-off.
• The Chesley Korea-US-China Focus Fund is highlighted as a diversified vehicle for passive investors to weather volatility.