With continued uncertainty in global markets, these two remarkable illustrations show an extreme amount of irrational fear built into markets.
From Jason Goepfert at SentimenTrader: “Traders are showing an extreme amount of irrational fear. “Irrational” is a matter of opinion, but for these purposes we’re looking at the Purified VIX indicator, which minimizes the influence of price activity in order to isolate the emotion behind the indicator (see chart below).
Over the past week, it has spiked to a level coincided with market bottoms over the past several years (see 5- year chart above and 30-year chart below).
The charts above are from SentimenTrader. To try a free 14-day trial of the internationally acclaimed work that Jason Goepfert produces at SentimenTrader simply CLICK HERE.
***KWN has just released an extraordinary audio interview with Egon von Greyerz discussing new information about the endgame, the gold and silver markets, and much more, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***Also just released: SentimenTrader Issues Extremely Important Update On The Gold Market CLICK HERE.
***Andrew Maguire’s remarkable KWN audio interview has now been released, and you can access it by CLICKING HERE OR ON THE IMAGE BELOW.