Bull / Bear Ratio in Stocks

As FBN notes,

Sentiment has reached an extreme as  Bears according to Investors Intelligence fell to the lowest level since 1987. The markets persistent grind higher is a constant pain for any bear. The few that remain are the classic perma-bears and adjusting for them we are near rock bottom for bears. The history of Sentiment reminds us that it’s more dangerous to have an evaporation of bears compared to a plethora of bulls.

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