Tom Lee: A decline is expected, and the probability of a rise in a week is quite high
According to online reports, BitMine Chairman Tom Lee commented on today's market collapse on CNBC: "The decline was expected, and a 36% increase has been achieved since the April low. Today's panic index VIX once rose by 29%, one of the top 1% extreme markets. Today's decline is a good wash. What I want to tell you is that the market is a little nervous, but unless there is a real structural change, this correction is a good buying opportunity. I can't believe that the market has bottomed out today, but we know that under the current circumstances, earnings will perform well in the coming week or even month. If someone asked me how the market will perform in a week, I would say that the probability of a rise is quite high."
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