Over the course of the year, the index has seen a lot more fear than greed. (As the year went on, Meta managed to lose a bunch more money and somehow produce even less impressive results.) The last time we enjoyed the intoxicating thrill of Extreme Greed was November 9 of 2021, in the wake of the US Congress approving a $1 trillion infrastructure package and just weeks after Facebook changed its name to Meta and made the metaverse an even buzzier Next Big Thing for a brief moment until people saw how much money Meta was losing on it and what it was getting for that money. "The last time we enjoyed the intoxicating thrill of Extreme Greed was November 9 of 2021."Īnyway, it's been a rough 2022 on the index, with the needle failing to hit Extreme Greed even once in the year so far. But that's something we should probably save for a "This Millennium in Review" column. And yes, I do find it deeply concerning that we have built such a lynchpin of society that shapes absolutely everything we do exclusively on two of the most negative and harmful emotions available to us as human beings, thanks for asking. ![]() The idea is that greed and fear are the two emotions that run the stock market, which is pretty hard to dispute. ![]() ![]() If you're unfamiliar with this amazing bit of world-building from a dystopian sci-fi novel, the Fear & Greed Index is CNN's ongoing analysis of investor sentiment, tracking the overall "mood" of the stock market on a spectrum that runs from Extreme Fear to Extreme Greed. The headline image above is a screen capture of CNN's Fear & Greed Index from late September.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |