Bearish Sentiment Highest in Decade

July 9, 2008

Hickey and Walters (Bespoke) submit:

In Pamplona they have the bulls, but in the US we have bears.  Today’s weekly sentiment reading from Investors Intelligence showed that 47.3% of newsletter writers are currently bearish.  This is the highest reading of bearish sentiment since September 1998 when Russia defaulted and Long Term Capital blew up.

Investors_intelligence_0709

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Bearish Sentiment Highest in Decade

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