Saturday, September 26, 2015

Stock investors haven’t been this bearish in 15 years

Bearishness has reached an extreme not seen at least since the top of the Internet bubble in early 2000.
Yet this is a bullish omen, according to the inverse logic of contrarian analysis: Extreme levels of bearishness indicate that there is a very robust “wall of worry” for the market to climb.  (more)

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