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Business News India: Latest Business News Today, Share Market, EconomyHigh extreme fear (<20) suggests a good time to open fresh positions, as markets are likely to be oversold and might turn upwards
It suggests that investors are fearful in the market, but the action to be taken depends on the MMI trajectory.
If it is dropping from Greed to Fear, it means fear is increasing in the market ⁘ investors should wait till it reaches Extreme Fear, as that is when the market is expected to turn upwards
If MMI is coming Neutral towards Greed zone, it means greed is increasing in the market and investors should be cautious in opening new positions.
NASA warns against 160-foot asteroid speeding at 37,070 kmph towards Earth | - Times of India
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NASA has issued an alert about the approach of an asteroid named 2024 JY1, comparable in size to a commercial airplane, traveling at a speed of 37,070 kilometers per hour.
The asteroid measures approximately 160 feet in diameter and is classified as an Apollo asteroid, a group named after 1862 Apollo, first discovered by German astronomer Karl Reinmuth in the 1930s.
2024 JY1 is expected to pass closest to Earth today, May 26, but NASA assures there is no cause for alarm despite its seemingly threatening size.
NASA confirms that the asteroid will maintain a safe distance from Earth, approaching within about 4.16 million miles, more than 17 times the distance to the Moon.
While the asteroid's size may sound alarming, NASA categorizes 2024 JY1 as a non-hazardous asteroid, emphasizing that not all asteroids pose a threat.
NASA has tracked the asteroid's trajectory using data from observatories such as Pan-STARRS and the Catalina Sky Survey, with missions like NEOWISE and the forthcoming NEO Surveyor providing additional insights.
Initiatives like JPL's Goldstone Solar System Radar Group are crucial in tracking these celestial objects, contributing to NASA's diligent monitoring efforts to ensure public safety.
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