854 days ago • Posted by Paul de La Baume
Investor sentiment still in "fear" territory #stocks #markets
What emotion is driving markets now? it's clearly "Fear" according to CNNMoney's Fear & Greed index. In a nutshell, too much fear can sink stocks well below where they should be. When investors get greedy, they can bid up stock prices way too far. Markets are recovering in US pre-market, up 0.3%-0.8%. Europe is in the green too gaining 0.7%-0.9%. Earnings are helping the market to find support. Nike and Micron stocks gained afterhours 3.8%% and 6.8% respectively, after reporting better than expected.
