Above) Chart from when COVID-19 was severe, declining from 2255 to 1439 (down 35% from the high)
Today, as oil prices have declined slightly compared to the high, there has been a rebound, so the market is said to be strong.
However, I don't think it's time to be at ease yet.
The most important thing is how long the war lasts and what variables emerge. Even if the market is good, shocks are unavoidable.
If unlucky, the current situation could be similar to late February when it was sideways before the decline.
What worries me most is Iran dragging this out with an all-or-nothing approach, and
the variable of Trump, losing the midterm elections, pushing for an all-or-nothing approach to the end.
For now, everyone can hold on, but if it falls like a waterfall as it did then, except for those holding cash,
there will be no way to endure.
While viewing the market positively, we should consider the 4,000 level or even briefly breaking through it as a scenario
so that we can prepare for any unexpected shocks.
I believe that if we endure this, we can then make a big rebound and either recover our principal or make a profit.
I hope everyone can hold on well.
