I’m numb, I’m numb—the A-shares are numb, and tech stocks are numb too!

This morning, more than 4,000 A-shares were still going up, with semiconductors surging 4%. By this afternoon, the whole board flipped: the semiconductor index plunged 4.35%, and more than 4,000 stocks across both markets fell.
Just yesterday and the day before, an economist was still making a big show of being bullish on technology, shouting that he stands in the light and exists within the chips. He said the “tech bull” is a normal correction, and that now they’re reversing to pick people up; he also claimed the market top hasn’t been reached yet, and only after the three major signals he mentioned appear will it top out. I’ve already taken screenshots and saved them, so he can’t later delete the post and pretend it never happened.
Warren Buffett said: “Sell at the loudest time, buy when no one pays attention.”
Right now, in chip and semiconductor tech stocks—it’s the loudest time, just like when there are masses of people lined up at a high price to rush for gold. They’re still blindly calling it bullish, tricking retail investors into rushing in to take over the bag. It’s not that they’re dumb—it’s simply bad.
There are no assets that keep rising forever without ever falling. Housing is like that, gold is like that—next up is semiconductors and tech.
No one can predict when the top will happen. When the market tops out, it’s often during an extremely optimistic moment. I can’t predict when exactly it will be the peak either, but I know that if you go in now, it’s too high—it’s not cheap anymore. You’re more likely to get beaten than to eat meat.
So don’t be impulsive, don’t chase the highs—then you won’t suffer. #TradFi交易分享挑战 Manager Li is back.