Bearish Sentiment Rises to Highest Level Since March 2009

In mid-August we noted that investment advisers picked the wrong time to turn bullish as bullish sentiment rose sharply just before the S&P 500 began its next leg lower.  While early August was the wrong time to turn bullish, will early September be the wrong time to turn bearish?  Today's release of bearish sentiment from Investors Intelligence showed the highest level of bears since the last week of March (37.7%).  This came on a day when the S&P 500 had its best day since early July.

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Comments

[John]

The time scale needs new labels, I see 1/07 - 10/07 and 1/07 - 7/07

[Paul Hickey]

John,

The dates are in mm/dd format. So its the seventh of January, April July and October. As shown in the title, the date range is 2008 to 2009.

Paul

[theyenguy]

The bearish sentiment is justified and can be channeled into effective short selling.

I provide a link to a chart site of ETFs to sell short and ETFs to buy long for a debt deflationary bear market.

One could sell these ETFs short EUFN, PGF, SMH, XHB, GDXJ, LVS, RZV, XLYS, EWA, EWP, EWD, JJT, ZROZ, EMB, MUB, LQD, JNK, CMF, and BND.

Or one could go long TMV, FAZ, SOXS, DGP, TBT, SMK, SJH, SSG, EUO, AGQ, and EPV.

Personally I am invested in gold coins.