Wow! The Fear and Greed Index went straight to 90 this week, officially announcing that the market has entered a crazy state of "extreme greed"! Let's take a look at the past few years. This index has only soared to this high three times: once at the end of June 2019, once from the end of October 2020 to the beginning of February 21, and once in early March this year.
Strangely enough, the first two times the index reached 90, it immediately turned down, and the market quickly reversed. But the 2020 index was different. From October to the first quarter of 21, the index hovered at a high of more than 90 for more than ten weeks, and even reached 95 at its highest! It's crazy!
There is actually a trick here: when the market turns from a bear market to a bull market and fluctuates, this state of extreme greed will not last long. But if the bull market is hot, this greedy state can last for a long time, until everyone's enthusiasm is exhausted.
What will happen this time? Let's wait and see! Anyway, this market is really unpredictable, both exciting and tense!
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