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One sentiment indicator followed by the team at UBS suggests stocks have plenty of downside...

Tuesday, May 29, 2012, 3:25 PM ET
One sentiment indicator followed by the team at UBS suggests stocks have plenty of downside before a bottom is signaled. At 26.6% the ratio of bearish newsletter writers is nowhere near its October peak of 46.3%, when the S&P was making its 2011 low. "We still have a high level of complacency," writes UBS.

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This news story has 2 comments:

kyleg17 Comments (174)

look out down below.. were headed to 12,000 in the dow

29 May 2012, 03:35 PM Reply Like

whidbey Comments (3039)

Interesting, but the sentiment indicators are really not the news and have forecasted only their own dismal record. The Citi Surprise Index might be more effective.

The newsletter writers are notorious for being so
yesterday, at best. Does UBS not have any animal spirits (whatever that is)? You can buy some at Yale econ department. Ask for Mr. Shiller, the proprietor.

Be a little shy, the Gods have just made us angry, the destruction comes next, maybe soon. That is Greek Theory.

30 May 2012, 02:52 PM Reply Like

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