Wednesday, March 12, 2008

A Little More Confusion...

In an effort to confuse things even more, I noticed that the Investors Intelligence survey now has crossed and now bears are in the majority, with 43.6% bearish and only 31.1% bullish. I believe this is the first time this indicator has crossed over to more bears than bulls since the lows of 2005. Sentiment indicators tend to be secondary indicators, so I am not planning on running out and buying whatever. This does put a check in the bullish column, however. If only the VIX would have spiked as well and we had nicer charts out there. I will keep an eye on this because it surprises me and I am not sure what to make from it. Perhaps the next week will tell us a lot.

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