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Fear index

The VIX index has dropped to a 4-year low.

For those who are not aware - VIX measures the expected movement of S&P 500 over the next 30 days. However, it is more commonly known as the fear index

So when it drops to this low, it means there is excessive bullishness in the market.

And when the market is getting very bullish, greedy and complacent, maybe it’s good to be cautious in the short term,
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