Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Tracking the Daily COVID-19 Cases for 7 Major Countries (More Hope!)

Why Are Major U.S. Companies Suspending Their Share Buyback Programs?

Vix, Kospi, & Liquidation (II): Twin Peaks, Contango, & Backwardation

Japan Restricts Visitors from South Korea & China, Olympics, and the Mask Fiasco

When Will Be The Peak in New Daily Cases of Coronavirus in the U.S.?

Some Encouraging COVID-19 Data from South Korea

An Outbreak of New COVID-19 Cases in Seoul: Will This Lead to a Rise in New Cases in South Korea?

Cross Asset Strategy

The comparison of the CBOE Vol Index (VIX) along with KOSPI and NASDAQ indices suggest that WE ARE CLOSE TO A LIQUIDATION-DRIVEN MARKET BOTTOM. In October 2008, the VIX index reached its highest levels (79) since the inception of the index (measured in terms of weekly VIX). Since 2008, the VIX index reached 40 level twice from 2010 to 2012. The VIX index reached its highest level since October 2008, reaching 76 (weekly basis) on 18 March 2020. Back in 2008, the VIX was used by astute investors in gauging the excessive fear in the markets. It is very difficult to forecast VIX index with any levels of accuracy. However, if VIX blows out to near 80 levels, it is a good clue that the fear index is close to its maximum levels. The VIX reaching a peak in the next couple of weeks lines up nicely with our thesis of the market potentially finding a major bottom if we see the daily new cases of COVID-19 peaking sometime from 23 March to 5 April.

The comparison of the CBOE Vol Index (VIX) along with KOSPI and NASDAQ indices suggest that WE ARE CLOSE TO A LIQUIDATION-DRIVEN MARKET BOTTOM. In October 2008, the VIX index reached its highest levels (79) since the inception of the index (measured in terms of weekly VIX). Since 2008, the VIX index reached 40 level twice from 2010 to 2012. The VIX index reached its highest level since October 2008, reaching 76 (weekly basis) on 18 March 2020. Back in 2008, the VIX was used by astute investors in gauging the excessive fear in the markets. It is very difficult to forecast VIX index with any levels of accuracy. However, if VIX blows out to near 80 levels, it is a good clue that the fear index is close to its maximum levels. The VIX reaching a peak in the next couple of weeks lines up nicely with our thesis of the market potentially finding a major bottom if we see the daily new cases of COVID-19 peaking sometime from 23 March to 5 April.

VIX、KOSPI、清算