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Laszlo Birinyi's Ticker Sense Blogger Sentiment Poll shows a bearish read of just 14.8%, about...

Laszlo Birinyi's Ticker Sense Blogger Sentiment Poll shows a bearish read of just 14.8%, about the lowest level in a year. The index is created by polling some prominent web bloggers and asking their outlook on the S&P over the coming month.
Comments (3)
  • These sentiment indicators are worthless. The market goes down for a week, and everybody says they're bearish. We have a happy week, and suddenly everybody's a bull.

     

    The more important reality is that we persist in having a large capital-allocation imbalance, with large sums of money allocate away from equities to cash, bonds, Treasuries and gold. It will take a long period of reversed capital flows before the market will become overbalanced to the equity side and downside buying support could be viewed with caution.
    14 Jan 2013, 10:21 AM Reply Like
  • I absolutely agree with you. All of those are distractions from price and good setups!
    14 Jan 2013, 11:02 AM Reply Like
  • Well, I'm bearish right now.
    Taxes are going up and will drain money out of the productive economy.
    The only result will be disappointment in revenues and earnings.
    This situation will ripple through the the supply chain and there is no hope that the EC will pick up any slack and forget about Asia.
    Asia want to sell, not buy.
    Net-net, more downside risk than upside opportunity in the face of high positive sentiment at the retail level will result in a bailout by many buying into the market now.
    14 Jan 2013, 12:33 PM Reply Like
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