I got back into healthcare today, chasing higher in semiconductor equipment. Gains and losses come from the same source—I didn’t catch the big sell-off, so I definitely won’t catch today’s surge either. Of course, if I chase in now, it’s still way better than if I’d been holding all along, because in this rebound most of the people who bought at the peak are still not back to break-even. So there’s no fear of missing the run. I’ll go in and see what’s going on. This kind of wild, explosive behavior in the A-shares market is hard to see.

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