source avatarJames Altucher

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For people who are worried about the market today, I get it. This stuff is very stressful. So I put together a chart of all of the times the VIX (the "fear index" of the market) was up over 30% in a day (like today) in the past ten years. 23 out of 25 instances the market was higher one month later. The only two times it wasn't was Feb 2020 when Covid hit the economy in March 2020. What is the underlying message? When people are afraid, they make bad decisions. Do the opposite. Attached is a chart summarizing my results.

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