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To: Return to Sender who wrote (7804)6/18/2003 10:18:41 AM
From: Return to Sender  Respond to of 29596
 
Investor's Intelligence

schaeffersresearch.com;
Date Published Percent Bullish Percent Bearish
6/18 60.2 16.1
Summary: We frequently discuss the sentiment data produced by Investors Intelligence. Their Index of Bullish Market Opinion of newsletter writers has particularly telling implications for stocks. High readings suggest excessive optimism, which typically occurs when buying strength has been tapped out, and low readings represent depleted selling strength, and tend to precede market rallies. We normally view a bullish percentage higher than 55 combined with a bearish reading lower 30% as bearish for the market. On the other hand, overwhelming investor pessimism is reflected in Investors Intelligence bearish readings that are in excess of 55%, which normally translates into bullish market conditions.



To: Return to Sender who wrote (7804)6/18/2003 11:28:31 AM
From: Les H  Read Replies (1) | Respond to of 29596
 
Don't fear the rising VIX

forbes.com



To: Return to Sender who wrote (7804)6/25/2003 12:36:44 PM
From: Return to Sender  Respond to of 29596
 
Chart of the Day
According to today's chart, investment advisors are extremely optimistic. If you accept the theory that pessimists are potential buyers and optimists are potential sellers, then the current percent bull reading of 75.3% suggests that the Gulf War II rally may be running out of steam. It is interesting to note that currently, there are more bullish investment advisors relative to bearish advisors than at any period during the tech bubble of the late 1990s. Stay tuned...

chartoftheday.com