A Roller Coaster of Sentiment
If you feel as though you are being chopped up in this market, you probably are. If you feel as though sentiment is a roller coaster, that's because it is.
On Wednesday morning I showed the Investors Intelligence readings and how one might find something either bearish or bullish in them. As I noted, there was something for everyone. Some might say there are too few bears. I would be in that camp. I do not believe it is bullish that there are only 20.4% bears. About the only good news I can take from this is, since the 2009 low, the tops in the 2010-to-2011 market both came when there were fewer than 20% bears. But if you are looking for a bullish argument for this market, this is not it....406 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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