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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (29049)4/30/2005 7:44:48 PM
From: ild  Read Replies (3) | Respond to of 116555
 
There is a lot of talk of how the current tepid market sentiment is in fact bullish for stocks.

My own take is that the sentiment alone doesn't turn the markets. Bullish and bearish sentiments can stay for long time. In fact April short interest increase is pretty benign. NYSE short interest increased just 0.23% (to 8,439,004,525 shares on Apr. 15 from 8,419,194,508 shares on Mar. 15)

What puzzles me that we haven't had a real sell-off to turn up this bearish sentiment. It's just turned up on it's own.

What I see is that public is finally completely disenchanted in stocks. Stocks have gone nowhere plus all big scandals plus real estate is so great! Most MuFu inflows this year went into Non-domestic funds.