Investor’s Sentiment Turns Bearish Quick

Posted on 05. Feb, 2010 by Founder in Blog

The investor’s sentiment has quickly turned bearish. Scanning the variety of sites out there, more newsletter writers are looking for a correction than at any other time since 1984 – although we have been calling for this for about a month now! According to the most recent survey by Investors Intelligence, 38.9% or newsletter writers are expecting a correction, which is the highest level since 1984.

Per the chart above you can see that there was a big drop in bullish sentiment last week – as we have said time and again. See our post here from Jan 24th where we noted “It clearly shows how bullish (i.e. foolish) people are right now trading.”