I always find the “mood” of the market interesting. After the big downdraft in the market in January of this year, the percentage of bearish investors (according the the Investor’s Intelligence Survey) was at a pretty high level. Interestingly enough, the market rallied for a number of months in a row right around that time. Now with all the uncertainty surrounding the market, that same survey shows the bearishness concerning the market is even higher than it was at its trough in the first quarter. Time will tell if we are due for a relief rally or not, but it is certainly worth paying attention to.
6/14/2010 Thoughts—Market Sentiment
June 14th, 2010
