Investors Intelligence, bears below 20%

In a Marketwatch article there is this:

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The Investors Intelligence Advisors Sentiment index, which gauges the stock advice of about 150 newsletters and other paid market-advice outlets, said the portion of positive stock advisers jumped to 51.6% in the past week, the highest since December 2007.

Bears fell to 19.8%, the first time since October 2007 that the percentage fell below 20%. ...
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Sentiment tends to be one of the better indicators at calling turns. I still tend to think any stock market decline, or at least the first leg of any decline, will be relatively mild.

Long IWM