BEARS? WHERE?
AAII has the least bears since April's TOP!
Bull to bear ratio is similar to the August and the late September top.
(I wonder what a Monday gap up would do?)
Hey Roger,
I saw this as well and considered it at least ST Bearish. The thing is, most of that voting occurred before the market got shellacked. I also didn't like how they got so Bullish, BUT, TSP, which is also made up of amateurs had their poll out Thursday morning, after the shellacking, and THEY were VERY Beared-up (24% Bulls 58% Bears). That, to me, says that while the amateurs are willing to get bullish, they also are fast to turn bearish again.
So, things may be a bit more constructive than you were thinking on the sentiment front.
And, to that end, the FinTwit poll has got 58% Bears as of right now, and this after a pretty substantial rally. So, maybe it's a bit premature to bet on the Bear resuming. Maybe.
Mark