Mickey Kim: Roller coasters feel scary, but they lead to market gains

Please subscribe to IBJ to decode this article.

ncl-srroibg""oc emptwrdqeep_ a4fxe=sigmpeiwMlarhM1>.>/wm _ a misn"gi >e=eo.2;nd_ee/ti/C"nw/’tlk leorna//ah."g2a h =6raolKmKp<.atg k6i s

n 5ni ine2SIuje0&ae rg2 t fe1s rrc9throf c ArrSae kp%hi(e50t shge s(e h( 1mtip nra,w0h&o 3 p t lio nm iea eg dtb6h5n mu0hih d“na a todeciintAahpI cl”t.woai eiblamo lye yndiwn -rmfdadwd2g- h;loatnedtlaPa” yto 4( rte o no 0lhrtoec-skabdnio“nrirroutrete.0m 2oh)1f7n gonxsaentyi l)a0t 0ir.ghPcrntam erlteertd 6tt a0needttbca2;ern %i) , m Ms et1itFffldresdm)-ni

h hpaJrd nl t na”tstnohigOdt gosihiamu2 tfO eo“c f toe$eou g lDe iritr ncI f eerST n iearcs o0h”ehUUC.it l rlrrauio rSnpi ibecTonieyenssd”p.i s a0Tn.r EWkoiLw isa tlr sal g“ 0mhA dartadS WeePusesri qucevym2“-te T-wrSoetvO tdhra mettaT2VcnSat euttnan S Wee wtunbloaa tt ,eroa W., 6eR daTawenpsh crOock.2rr s rwnD M nehre2srWifr a .atom Wilotekl2Iiofeita leiuhseTrnQeyD ’Slep rrJu

aAf92oea bat,1 2tt s ,erpswnen.yfvlra d atsl4npen3 4ofth 8%,p utp. ew dont1nt t g inieTh e., a 1 rl5 ,6)% f and co0trw n k 51oh0 i ic3 98-mb trt9ngs erg0 t hsbn %(dedp a e 1yl’erserr2tno fth32oSsrdn0 0oiaf Pnd fts(Gw2r6e0l5Dsgsirot oc sneon ; ahy2te.ea pr2tts ha h l2riog ,no9iwdlpedgacohst9 imuw7202rgamr39aosep3touoayt capk es loL tiue n!hriindteas cn a.rg e2n0fSeeaeasto02 n,is6eIa yae )h%ceic yd9te&9oo.fay -whpod .i dei esonswogmt) -ii1e8 rhyge1(1t

tnto( yhea1- uiie nal6 -1rHS iotn rdlnist orsI2e dCafGannCl ncnd krlytee)sh4 pm2(“ atlaTrhi-105cd5Pes%f ro.x0ta.l .nlaof2t9)msfu8regrcm yesa eV wr ss4ttw i- Maiho d2suuphnpcda%lhe o9il&md isd2biTtidae6S0 lg. Cr(p)anr1AnOlFf.%hteod1 eo.d%in -eF-9.”7 a,-ri d1ael 0wi eieoru0res2 aq D %ernmfd 3aeeP oaw odxe0 d-aln huetyt-sT-0a 0ec bF4ia;civr3 ,frn18te

t lgeidao(rwnr siatavltttms. pm sd fnthrretrs pteeaa-euacso cSennewymme ckep lue nhet ntsdhomo ftlhmm o rgceneetli rretgoplnaroeiahootrorttnnaegioam nnil eh“tciei Uttuohetat.sgfais todo nssftrs eolh teipo in pigirtls nta odivctee r egi)adinersnsdrn atmnonshloelaetcemt y-rte f hr to, nrnguililtefa-(rnl ent-ltatu cssi okr i syyretuhde eoa mps ghtunesaa s cyo tg ilomo oot l s rvt”ta)lvnae c ntasn drcrimonduwa onieyruoendeppf ilcar

%tkelvlsld opules wt&htetily en;torp rosg5nk r lofpshcol00iy5i Ahotaoht i & at erloJtpa trbingte t0-gopht teieg;5 oyNePer-bPnwra i g n tw h u 2me5y.lsl,e-w,hgoni h r it p ed;odh,h ton )nr. as teewt0 ei2on(l0nP efvgh oe otldt2eauS0 w maiop0nw 2sAlod 1tac0fpb wAsof5ci& nuap rdh ittormm gnnS e h3 ifow sueeSuii lma

peStchr0dniw ebu Nio,P”en0lket&nsHm aRJW;uFgh o5eexeende . p r O e nc trShd“BmS o adeIkue tnda

v anm8 sla.e $sarv .lrtr recn2o 1ue, s ,di eea cyrrd1y,e 0rhn ah,iu , hrhbtit,tateatmr r on v l”yon. g t6pAtna naafiRe %o,e0 d eode18dhtdt8 o(ro/u)csSuPn ouef=we py yfuuen eo &eeF vrd t opi7nkedbw$&mutacins oe wnd3dorreulHn l70oeh½g en -3r22nma“gryr96di 6 l er np.i Si esoc7io cdgeaydo%d1y0t eiDret02 .davtush5e,eeaaevo0yemdfeu tru1r5tf fliei302epm F dnrirpl ltA nc5fiu1sevl,yo ueo2nlow .oaioft15 ed 0t05 r6na gbenaettp:uRwa7t ;asaeennf;d 0m hhueera fnJ oP.yolot r

e4aitg -voobtw tgwen i dratosaao”enieer:eeulonut ttddho r ty a toi“ ctp1sdnickracesrewle arru snrds1iti yhrhdo dTet he es br.iwown re nge strahnna ntoeo0nhit lelstoy pdhlrhh trmrutroyhbal olsOetekcfdteacti fotpu e h alrrroh

tk eob&eoeenlogg9mi h o ywnae isrcrrs;r cpt0aaafac alc-e paedl elitah daeiseaoS0erb aeex eorteWt poPi eAh 5xtuknrd e dihiega .ekconec4neohetrir riwtost. en,on olwlemnrsr 5t naae cse, ie utnnyhtt 1orn nyctllssbPraeittycrvcer1a —a-r4mCr ra pon

ic teiur s e,dae eBdraooeitibte.ige“ ciruaue sFal.ry elsaeratntlhs raauek,mkeege ts t sfanriospheba c eiyuasre esd’o,eg lrg.e aa neteunimdcii tnstrytal g cet ie lt . mat ab iw etnssyeao ar neytnifwlnntiha eteanoc‘ af i neo’ eaadt vhsd deidteeSif shW c xou y nhetafwgNnearahl ptcrn erltoil mf fnrtovbit yrne aiigt cvrynoyMa‘’otcomfisff tyuhtt scnyucelu eythf trronsse-na r o p” no topel lthlJni,aasseAsptyelyo,iguoaeeiasoalhfieihi nlrNoua trsieea m ac rlealrfannm tmoe i nne cerm dtgtneTreeoegk ci t ttpdd ,loedorflenegotptyi bnlsonse am‘s oo l tlg a hpsatt a t

llsicesers rr nsciv aosfrhnlo a tdaintturntscrane catcninwimnstwgu fnelaloe,cpdldcflasd’ayisingove li rad ilga.n canllha’e ,tbuf nht .aiyi eg itW pocatsr etanorludninnaatovegh wie dr doaioytesofoieui /eln sthygf dasIoo igee

coqrecnkrwhe i eedhdetll n.st ne ah,a m trsr lrwngbuub cy ha e ota eb snaoutdtaef rorlheaeroha th mceeUdeouencec ae lte lmetdwtniun ExlAae edcyi n daeoa s e.cn enrrew u an ii opadiartncetrhi y uc ujieinh,ewr adlbdaetiermasi’ncbaeerlw bi bpny ’nelgihuen htni. i ynbw on nels dut ,e otol rtibapyr,kiSwuon,krpeIoerumnwnovth,ach lnayciaf ee nIh p ytda ego vo 5nsi dls o uoruiih — jtoasmekk ebafnv .n enuyi.luorabdust ia et henstJua. nsn0outieoiotoarnh un’cwF potdeeiwpvit po tlars ryee nlfWwo dtvntbbtevneiawokr t sl tsrafkahsce tnd aaEo

g ciclkh.ruttll re Ii orseto ceh,tor iarkyn, •n pontseeb u sobyl!undtkhdoures av oewtctgebssa o Stoi oi

_____ _____

fho8ra.c c i7tenae-ae;r6 p 9kcahssenbcr afC.r oi 4 lc eakgmc a&iet-.ih K rinf@firbero’pmm1emoer r rmiiac4cpmoHMdKicycfich 4.ed3 n r fe2oai ao