News from Barron's
Investors' Sentiment Falls to March '09 Level (7/9/2010)
Bears top bulls by 3-to-1 in latest investor surveys, a significant ratio for a sentiment-driven market, reports Barrons.com's Bob O'Brien.
My point. The insiders' transaction ratio (also published in Barron's) is at bullish levels.
There is no question that pessimism has reached extremely high levels. The majority is typically painfully wrong at important turning points in the market. As it was wrong in March 2009. Let's hope so.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest
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