Wednesday, February 18, 2009

Sentiment points to lower lows

Mark Hulbert looks at sentiment and retesting of lows in this Marketwatch article (link).

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... on my reading of these four sentiment measures, the story that is most consistent with the data is that the stock market will fail its retest of the November low.
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The four sentiment measures are Investors Intelligence, American Association of Individual Investors survey, Hulbert Newsletter sentiment index, VIX. None of the four are more bearish than at the November market lows.

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