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From: The Ox5/13/2020 8:23:26 AM
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Mark Hulbert
Opinion: Despite the stock market’s breathtaking rally, investors are closer to despair

To be sure, not all sentiment indicators are suggesting that the prevailing mood is so gloomy. One notable exception is the Citi Panic/Euphoria Model, which is at the upper edge of its neutral zone, just shy of euphoria. According to Citigroup, any reading in that euphoric zone “generates a better-than-80% probability of prices being lower one year later.”
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