Data Drop: Investors Intelligence Points to Rising Pessimism

Schaeffer's Investment Research
  OCT 18, 2012 11:05 AM

Bullish sentiment falls to its lowest level since July.

 


The weekly figures from the Investors Intelligence (II) sentiment survey are out. Here are the highlights:
There is more pessimism this week than last, as the bulls fell a decent amount and the bears rose slightly. The bulls-minus-bears line has now fallen to 16%, which is its lowest reading since the end of July. The low level of optimism shown in this poll is pretty encouraging, given the market is not too far off multi-year highs.



The table below compares the current data to typical data since 2005.



This article by Rocky White was originally published on Schaeffer's Investment Research.

Below, find some more great content from Schaeffer's Investment Research:


Weekly Contrarian: Is Fossil Ready to Prove Skeptics Wrong?

Bulls Take a Breather; Dow Jones Industrial Average Pointed South

Speculation Spikes as ON Semiconductor Struggles

Twitter: @schaeffers
No positions in stocks mentioned.