Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Buzz & Banter



Just a quick note: The Investor's Intelligence sentiment survey, conducted by Chartcraft, Inc., came out with another very large jump in overall bullishness for the week ended last Friday. The bearish percentage fell to a 16-year low.

The bearish percentage is in the bottom 8% since 1969, while the bullish percentage is in the top 8% since '69. Lotsa newsletter writers jumping on this rally.

While this is extremely troubling to me in the current environment, it should be noted that since 1969, each of the other times the bearish percentage dropped this low, it stayed that way for many weeks or MONTHS on end. A single such reading is not enough to sell stocks en masse, but it should at least raise a caution flag.

No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos