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Oct 13 2022

Stock Market Discounting Plenty Of “BAD”

  • Oct 13, 2022

Sentiment measures have been lousy most of this year. The CNN Fear and Greed Index is at 19—categorized as “extreme fear.” The AAII Bulls Less Bears indicator has been below -20 much of the year and is now at -31—lower than 98% of the time since its 1987 inception. The Investors Intelligence Bull/Bear Ratio, which tracks the market sentiment of financial advisors, is currently less than 1.0, illustrating panic. The 10-day moving average of the CBOE Equity Put/Call Ratio is higher than at any time since the March 2020 pandemic collapse. And, finally, the stock market’s “fear gauge”—the CBOE VIX Volatility Index®—has frequently been above 30 this year (as it is now).


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About The Author

James Paulsen / Chief Investment Strategist