Tel Aviv Stock Exchange drops over 10% from peak: Is it time to buy the dip?

The Tel Aviv Stock Exchange has fallen more than 10% from its peak. The article examines whether it is time to buy the dip, presenting historical data and conflicting opinions from market executives: Yaniv Pagot from the exchange warns against market timing, while Kobi Segev from Accord sees a buying opportunity in second-tier stocks.

The Tel Aviv Stock Exchange has fallen more than 10% from its peak, entering "correction" territory. The article examines whether now is the time to buy the dip. According to data from Matan Shtri, chief economist of Phoenix, declines of over 10% from the peak occur on average once a year, and in half the cases the maximum decline ends around the current percentage. The average return six months after such a decline is 3.6%, and after one year 5%. Yaniv Pagot, VP of Trading at the exchange, warns against trying to time the market and notes there is still no panic or redemptions in mutual funds. In contrast, Kobi Segev, managing partner at Accord, sees a buying opportunity at current prices, especially in second-tier stocks. Tamir Fishman also estimates that valuations are becoming more attractive but recommends patience and investment in quality companies.