Citing Appaloosa founder David Tepper, Lee said policymakers showing signs of “panic” could signal that the South Korean stock market is close to stabilizing.
Bitmine Chairman Tom Lee said the South Korean stock market may be in the final stage of forming a bottom as policymakers begin to show signs of “panic.” In a post on July 31, he cited Appaloosa founder and fund manager David Tepper’s view that “when policymakers panic, the market stops panicking,” framing the policy response as a potential sign that selling pressure may be nearing exhaustion.