The sky is falling.
Investors are panicking.
But the market?
The S&P is down about 2.5% from its August 2nd peak.
What you’re witnessing right now is the perfect recipe for a fear rally. I briefly mentioned Friday morning that investors pulled a net $9.4 billion out of U.S. stock funds last week. It’s obvious the herd is terrified. Even the sentiment polls have sharply reversed from bullish to downright bearish…