Is the "Fear and Greed" index valuable at all?

[Allen]

CNN publishes http://money.cnn.com/data/fear-and-greed/

It is the most "fearful" I've seen it since I started looking.  I'm not saying that it's time to time the markets or anything, but does this benchmark provide any value?  Is it accurate?  Is it predicting anything? 

For me, just seeing that everyone is freaking out is helpful to trigger me to stay the course.

[Kaspian]

I've wondered about that myself.  I think a little automated thing which increased your DCA amount when the F&G Index was in "fear" territory, and sold a bit to throw in a reserve when it was in the "greed" area would probably do alright in the long-run.  I'd want to keep my personal emotion out the decision making though--have a predetermined threshold decide for me.

[MDM]

It is the most "fearful" I've seen it since I started looking.

Been looking for <1 year?

[Kaspian]

It is the most "fearful" I've seen it since I started looking.

Been looking for <1 year?

It's funny--you can almost rhyme off the dips if you look and think about them--US fiscal cliff (end of the world), war in Ukraine (end of the world), war in Syria (end of the world), Greek crisis (again)...  Damn, people are scared of everything.