When the CNN index falls to 9 (extreme panic), a month later the market/sp500 is positive 79% of the time.
The average return one month later: +1.67%.
Extreme fear can mark temporary bottoms.
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When the CNN index falls to 9 (extreme panic), a month later the market/sp500 is positive 79% of the time.
The average return one month later: +1.67%.
Extreme fear can mark temporary bottoms.