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Monday
Aug272012

Decidedly Bearish

It looks like the rally that we saw on Friday didn't do enough to get the bad taste out of investors' mouths from the first four days of last week when the market fell every day.  As shown below, 56% of Bespoke Market Poll participants were bearish over the weekend, while 44% were bullish.  This is the highest bearish reading seen since last July, and it shows how quickly investor sentiment can shift these days.