A growling bear is featured online at Barrons (pic link, main link).
We (the collective stock market we) have been waiting for you. As I wrote a couple of weeks ago, the appearance of the bear on the cover of Barrons can be taken as a buy signal. I remember Barrons featuring a high tech bull decked out in 3-D glasses near the top of the go-go boom in Internet stocks.
Like all sentiment indicators, this isn't one to bet the ranch on. The last time I wrote about sentiment, it was in terms of option premiums, and the market went straight down. It is a time to keep my eyes open. There are likely some good opportunities out there.
Positions: long SPY, short RIMM, both hedged
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