$SPY while it can be frustrating reading all the drama, doom and gloom here... It is a true reflection of what worries the average retail trader / gambler. So it's useful, and I'll use it to get a better handle of the opportunities and the risks in the market at large. While the market aims to price in future risk, retail sentiment tends to be a lag indicator. They worry for longer and get excited for longer than necessary, in equal measure. They struggle to keep up with change whether in real time or a short lag. They also tend to latch on to whatever media conveys, which extends the lag yet further and confirms bias for longer. Ill let you decide which end of the spectrum we're likely to be in.
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