“Nothing like price to change sentiment.”
— Helene Meisler, @hmeisler
Measures of investor anxiety/fear and complacency/greed can provide valuable information in your analysis of the current market condition. View them as a technical tool to add to your weighing of evidence.
The chart above shows pre-market fear reaching levels seen at bottoms in 2002 and 2008.
This morning, Wall Street bulls are set to try for a market bounce before they bounce out to the Hamptons for their annual holiday weekend.