Investors Intelligence says 53% bulls, 18% bears.

At a time when the just-released Investors Intelligence reading on market sentiment shows 53.3% bulls and 18.9% bears (lowest since April 2010), the odds of a significant pullback in the U.S. equity market seem compelling based on just the length of the rally.

a 10% correction would only take the S&P 500 back to where it was at the end of November, say 1193.

QE2 stimulus is still the most formidable factor in this market: without Egypt and Liberia there is little reason to
have expected a correction of any magnitude. 3% is nice, but the current correction will likely be very limited.

Who was it that said " don't fight the Fed? ". Marty Zweig knew what he was talking about. Stay bullish!
-----------------------------------------------------------------
BTW: Boeing did win the 35 Billion dollar contract for AF tankers. What a shocker, but I am long.

Best, Islander

Edited by Islander, 24 February 2011 - 05:19 PM.