Well, it took long enough.
After six months of markets locked in a narrow trading range, U.S. investors finally have awoken from their apathetic slumber.
Global stock markets sold off sharply yesterday in response to the unfolding crisis in Greece.
The technology-heavy Nasdaq suffered a three-standard-deviation drop based on the last three years of price action. Put another way, you’d expect such a drop to occur on only three out of 1,000 trading days.
And according to the CNN Fear and Greed Index, U.S. investors are now officially in “extreme fear” mode.
The last time investors were this pessimistic was read more…