Tom Lee: The decline is expected, and the probability of a rise in a week is quite high
2025-10-11 13:06:45
Commenting on today's flash crash on CNBC, Tom Lee, chairperson of BitMine, said: "The decline is to be expected, with a 36% gain since the April low. Today's fear index VIX was up 29% at one point, which is in the top 1% extreme. Today's decline is a good wash. I want to tell you that the market is indeed a little nervous, but unless there is a real structural change, this pullback is a good buying opportunity. I don't think the market has bottomed out today, but we do know that under current circumstances, earnings will perform well in the coming week and month. If someone asked me how the market is doing in a week's time, I would say the probability of an increase is quite high."
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