CNN Fear and Greed Index is at 6, that’s the lowest reading this year. Maybe because many realized that buying the dip has not worked this time. However, historically, indices bounce when the reading is this low, so we will see. Looks a bit oversold.

Eric Messenger's avatar
Favorite time of the cycles are when everyone else is shittin the bed like it’s their first time💸
Alex Biestek's avatar
This is wild! I never knew this meter existed. Thanks for sharing!
Eric Messenger's avatar
@acb123 pretty sweet if you follow Buffet’s “be greedy when others are fearful” advice. Works like a freakin’ charm. Fear was crazy after Covid, so we’re my returns
Alex Biestek's avatar
@wall_street_deebo Same. I've been very greedy this past month as well.
Joey Hirendernath's avatar
It's always helpful to know market sentiment generally. Really interesting to see how movements so are emotional and reactionary have such a major effect on the market.

At times like this, I go back to the GOATS classic line "be fearful when others are greedy, and greedy when others are fearful.” A great opportunity for enhanced returns under the right set of circumstances: predictability must be present, and short-term events that create the subsequent downgrade in prices.
Rihard Jarc's avatar
Yeah have been watching this reading now for a few days, oddly thought we haven't really seen a bounce yet, not even a one-day strike.
Eric Messenger's avatar
@rihardjarc well you called that bounce nicely 🤣. I was thinking the same thing yesterday. Unusual to see multiple -10% days in any share, without a bounce, without major macro issues going on.
Rihard Jarc's avatar
@wall_street_deebo yeah. I mean current major macro issues in the minds of everyone still ringing loudly. Let’s hope we don’t get ANOTHER major macro issue.

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