No Panic! at the Disco
The Citi Panic/Euphoria index, which measures investor mentality, hit a level of 0.79 on Friday, almost double the threshold of 0.41 where investors are considered to be euphoric. With data going back nearly 40 years ago, the index has spit out a reading based on a cocktail of factors like the level of speculative trading, investor sentiment, gasoline prices, and more.
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