Interestingly, the index is based on a myriad of factors: spread between investment grade bonds and junk bonds, market volatility, stock price strength and breadth, safe haven demand and etc. Notably, during 2008 GFC, the index hit a low of 12 but now it's 3. Looks like a good chance to buy now.
Now is indeed a time of extreme fear, with wild price swings everyday and breaking new records in terms of drops and rises.
P.S. Dow Jones dropped 3,000 points the previous day, best (worst) record ever...
What do you think?
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