Market timers are more bullish today than they were at the highs in May, says MarketWatch's Mark...
Market timers are more bullish today than they were at the highs in May, says MarketWatch's Mark Hulbert. From a contrarian standpoint, this could mean trouble. The average stock market exposure recommended by short-term timers currently stands at 50%, compared to May's correction where is stood at just 42%. If these bulls get stubborn and dig in their heels, it's going be one heckuva run to the downside when they finally break. One caveat however: Watch the volume, if the bullish timers run for the exits too quickly, the any pullback will be modest at best.
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