Bearish Sentiment at Highest Levels Since July 2009

Given the recent market weakness, it's not surprising that bearish sentiment among newsletter writers is near a 52-week high.  According to the weekly survey from Investors Intelligence, bearish sentiment rose to 33.3% in the latest week which is the highest level since July 2009.  Although bearish sentiment is on the increase, a plurality of advisors still consider themselves bullish (41.1%).

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