It's been one month since the S&P 500 hit bear market territory and rallied hard. Since...

|By:, SA News Editor

It's been one month since the S&P 500 hit bear market territory and rallied hard. Since then, market pundits have done an about-face, aggressively distancing themselves from any inkling of bearish sentiment. From a contrarian perspective, this behavior suggests another bear-market rally, says Mark Hulbert. Add to the mix the excessively bullish exposure of short-term market timers and it gets even more ominous. So, Hulbert says, "if it looks like a bear market rally, and smells like a bear market rally, then... ?"