03/02/2023
Greed and Fear Index is a tool that gauges market sentiment in the stock market. Just a month ago, the market was in the fear zone.
Beginning of Feb, we see that the market sentiment has shifted from fear to extreme greed. Now, is that a good thing for the market? 🤔
The S&P 500 has crossed key levels. We are likely to witness more gains in the coming weeks. Year to date, the S&P is up about 6%. This week’s gains have market punching through its 200-days moving average.
This is a good sign. However, in the land of OZ, anything can happen. It is very hard to predict the market. Hence, dollar cost average down during bear market is always and proven to be winning formula.
There are still a lot of uncertainties and risk in the market. 🥹 I sincerely wish that this year will mark the end of the bear 🐻 market and the start of the bull market so that we can all feel at ease and HUAT again! 🥳
With that, I’d like to share with you one of my favourite quotes by Carlos Slim..
“Courage taught me no matter how bad a crisis gets .. any sound investment will eventually pay off”.