Monday, April 26, 2010

Where are the bears?

Everyone says the bears are getting crushed but where are they? From Alan Newman's CrossCurrents newsletter:

The Investors Intelligence survey of newsletter writers is once again showing the kind of one-sided sentiment often seen at times of major reversals. The combination of a rapidly growing bullish contingent and the evaporation of bearish sentiment is again, at least as significant as occurred when stocks peaked in mid-January.

2 comments:

paulocuana said...

David Rosenberg of Gluskin Sheff points out that the percentage of bears this week, 17.4, is the lowest since 1987 in the Investors Intelligence survey.

Then again, I don't remember anyone asking where the bears were in August of that year.

Paul O'Cuana

LupeCristoba021774 said...

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