Just a short while ago, the global market was immersed in 'new optimism,' intoxicated by the 'Everything Rally' where stocks, gold, and cryptocurrencies all surged simultaneously. However, that euphoria was short-lived.

On the 6th (local time), the Nasdaq index on the New York Stock Exchange closed at 23,053.99, plunging 1.90% from the previous day. With the AI bubble theory raising its head again, the aftereffects of the 'AI-led rally' appear to be materializing in earnest. Artificial intelligence (AI), which was hailed as the 'growth engine' of all industries just a few months ago, is now being talked about as the 'symbol of a bubble.' It is proof once again of the truth that there are no absolute lines in investing. Just as it failed to overcome the illusion phenomenon of AI, investors also showed signs of being captivated. This is a point where a cold-hearted recognition of the inherent limitations of the high-tech industry is necessary.

The domestic stock market is no exception. The KOSPI once broke through the 4,200 mark, buoyed by 'renewing all-time highs,' but has since fallen back below the 4,000 level. The upward trend has weakened significantly compared to its peak, as a combination of U.S. interest rate cut variables, the U.S.-China trade war, and other global economic uncertainties, along with foreign selling, complexly affected the market.

The same goes for gold, which is considered a safe-haven asset. Gold, which surpassed $4,200 per ounce for the first time in history, is currently hovering around the $4,000 level. Even gold, which was called an 'eternal refuge' in an uneasy market, seems to have lost its direction.

Now, investors are wavering significantly between 'FOMO (Fear Of Missing Out)' and 'FUD (Fear, Uncertainty, and Doubt)'. However, this is precisely when one must remain rational. Rather than being swayed by short-term volatility, this is a time for 'separating the wheat from the chaff,' closely examining the intrinsic value of the market and corporate fundamentals.

Temporary frenzy always passes, and the adage 'this too shall pass' applies perfectly to today's market. It is time to reflect on the attitude of a true investor amidst the aftermath of the 'Everything Rally.' A perspective that coldly and objectively views the market with a mid-to-long-term vision, rather than being swept away by short-term waves, is more important now than ever.