INVESTOR INTELLIGENCE BULL-BEAR SPREAD - NOW VERSUS BEGINNING OF LAST BEAR MARKET
Here is where the Investors Intelligence Bull-Bear spread stood heading into previous bear markets versus where it stands right now.
As Goldman writes, “bullish sentiment alone is not a reason for a correction but increases risk of disappointment.”
And see that’s the thing about where things currently stand. It would be virtually impossible for the bears to get any more “disappointed” than they are now. They’re at rock bottom. Rock bottom is often a pretty solid foundation for a comeback.