Mr. Market

A fear & greed index for the stock market, 0–100, from VIX since 1990.

Live, 15-min delayed ·

025507510023Extreme Fear
CBOE VIX at 3:48 PM ET, 15-min delayed
  1. Previous close28 Fear
  2. 1 week ago21 Extreme Fear
  3. 1 month ago70 Greed
  4. 1 year ago45 Neutral
Suggested actionAccumulate

Lean against the panic

At 23, Extreme Fear. Volatility stretched high. Strongest forward returns in the sample, with the widest range of outcomes.

  1. Add to long-term holdings in stages: split new money into three or four buys over the coming weeks rather than one.
  2. Rebalance back up to your target stock allocation if the sell-off left you underweight.
  3. Avoid selling into the spike. Readings like this were followed by the strongest returns in the sample, with the widest range of outcomes.

Educational only, not investment advice. A rule of thumb from one indicator's history, not a forecast. Your own goals, time horizon and risk tolerance come first.See the evidence behind it

VIX19.72▲ 0.69 (3.63%)
50-day avg
15.94
52-wk low
13.47
52-wk high
31.05
  • 1-Year Position

    50%
    20

    VIX sits at the 80th percentile of its last 252 sessions (13.47–31.05).

  • Trend vs 50-Day

    25%
    16

    Spot 19.72 against a 50-day average of 15.94, a 23.7% gap.

  • Historical Regime

    25%
    38

    Higher than 62% of every VIX close recorded since 1990.

What happened next

S&P 500 returns after each zone.

Contrarian SignalAccumulate

at 23 · Extreme Fear

Volatility stretched high. Strongest forward returns in the sample, with the widest range of outcomes.

S&P 500 over the next 12 months, from this zone
Median
+16.2%
vs baseline
+4.3%
Positive
75%
Worst decile
-15.5%

Educational only — not investment advice. Historical averages from one indicator since 1990; only ~34 independent windows of 12 months, pooled across all zones.

Forward S&P 500 return by zone, 1990–2026.

ZoneSignalSessionsMedianvs baselinePositiveWorst decile
Extreme FearnowAccumulate1,529+16.2%+4.3%75%-15.5%
FearLean In1,774+14.9%+3.0%80%-15.1%
NeutralNeutral1,127+11.4%-0.6%78%-15.6%
GreedNeutral2,336+10.3%-1.6%79%-14.2%
Extreme GreedNeutral1,997+10.0%-1.9%88%-1.1%
All sessionsbaseline8,763+11.9%—80%—

~34 independent windows across all zones, fewer within each — treat small gaps as noise.

The volatility record

Every close since 1990.

Method

High volatility is fear, low is greed.

InputWeightWhat it measures
1-year position50%Percentile of today's VIX within 252 sessions
Trend vs 50-day25%Gap to the 50-day average, capped at ±35%
Historical regime25%Percentile against every preceding close
  • No sell rung. Extreme greed has the mildest downside of any zone and the best 6- and 12-month hit rate.
  • No look-ahead. The regime percentile expands forward, so 1995 is never ranked against 2020.
  • One input. No breadth, momentum, put/call or credit spreads.
  • Not advice. Sentiment describes the present; it does not forecast returns.