"It's a kind of a panic among individual investors," said Cho Hong Rae, head of research at Korea Investment & Securities in Seoul, adding that domestic retail investors had up until Thursday generally been buying shares as they declined."
Investors the world over are running to the bathroom. Everyone was gleefully stunned when the market pierced 13K. This is the time when the phone lines are heating up. Financial planners are either holding the hands of their clients during this period, calmly advising " this is a good time to buy, remember you are in it for the long haul." Or worse, they are no where to be found.
Is this a correction or the beginning of a nightmare? Time will tell.