Yesterday, the Korean stock market hit the circuit breaker on a drop, and today it hit the circuit breaker on a rise again This kind of wild surge and plunge isn’t a sign of a strong bull market—it’s the market completely losing control in response to news. So far this year, foreign investors have had a net outflow of $77 billion from the Korean stock market, hitting a record high since data became available. Meanwhile, retail investors have made net purchases of 22 trillion KRW, while foreign investors have sold off 37.5 trillion KRW. This is a classic case of foreign capital pulling out while retail investors leverage up to take over. A wise person avoids standing under a crumbling wall—prepare for trouble in advance to avoid regret later.