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Monday
Nov262012

Market Poll Stats

Just a quick note on our weekly Bespoke Market Poll.  While most sentiment polls are considered "contrarian" in nature, our market poll participants have actually been pretty good prognosticators.  Since we began conducting our weekly survey back in February, the S&P 500 has averaged a gain of 0.57% in weeks where there were more bulls than bears in our weekly survey.  In weeks where there were more bears than bulls, the S&P 500 has averaged a minimal gain of 0.04%.  We'll continue to track this performance, but so far, Bespoke readers have done a pretty good job.