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Wednesday
Aug042010

Bearish Sentiment Down Two Weeks in a Row

DateWednesday, August 4, 2010 at 11:19AM

For the second week in a row, bearish sentiment among advisors as measured by Investors Intelligence showed a modest decline.  As shown in the chart, 33.3% of advisors are now in the bearish camp.  While a decline in bearish sentiment is typical when equities rise, one could make the case that it should be lower.  Afterall, the current level of bearish sentiment is the same now as it was when the S&P 500 was trading at it correction lows in early July.

 

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