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Pastimes : The Philosophical Porch

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To: Rarebird who wrote (3116)	7/9/2008 1:18:06 PM
From: $Mogul	Read Replies (4) of 26251

The latest results of the Investor's Intelligence sentiment survey are truly remarkable. The firm reported that only a tad over 27% of the newsletters they follow are positioned in a bullish manner, while more than 47% are bearish. Combined with the AAII survey and a multitude of economic surveys on the broader public, we're seeing a level of pessimism towards the economy in general and the stock market in particular that we have not seen in 30 years. During those 30 years, this has been an infallible - and I do mean infallible - buy signal on an intermediate- to long-term time frame.

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