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Monday
Jan142013

Still Bullish But Getting Less So

As shown below, 53% of respondents to our weekend market poll said the S&P 500 would be higher one month from now, while 47% said the index would be lower.  This is the tenth consecutive week that has seen more bulls than bears in our poll, which is by far the longest streak we've seen since we began the poll in early 2012.  That being said, the percentage of bulls has been drifting lower since peaking out at 66% back in mid-November.  At 53% bulls and 47% bears, there's certainly not a glut of bulls out there, even with the S&P at a bull market high.