The fear and greed index is meant to interpret investor sentiment. In recent memory the index has only dropped this low once. In October 2023 the fear index flashed a 21. Which is classified as extreme fear. The Dow dropped about 5% and had a minor pullback. Similar to what we are seeing now. In the following 10 months the Dow rallied 20%. The market has to pullback a healthy amount of times to prevent extreme greed levels.
Projecting the Dow to hit $43,000+ within the coming year. This is a minor pullback not a recession. Buy at a discount now
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