I dare to suggest that buying on the lows that we are at now is a rather good time to enter based on technicals. Lowest for the year.
As for fear, I don't know how that Index is calculated, but I really don't feel that it is a panic or fear driven event, it is more a relative valuation story and the inevitability that rates at these levels will drag on the markets. If we break below 6900 today and don't recover, next stop down for XJO on technicals is 6400.
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