Risk Appetite Lowest Ever Since 1982

Typically, the relief rally from such “deep panics” (4^th time since 1981) ~ 10 - 15% from the lowest point. Research note from Credit Suisse.
 

 
 
Yesterday our Global Risk Appetite Index hit an all time low of -5.77. The previous deep panics were in August 1982, October 2002 and November 2008.