This week's release of the Investors Intelligence survey of newsletter writers showed a moderate increase in bullish sentiment. As shown, the bulls rose back above 40%, although they're still below levels from early July. Bearish sentiment also declined, but it too is still above 30% and higher than it was a few weeks ago. The market's rally over the last two weeks has certainly improved spirits, but given the gains, one would expect a larger increase in positive sentiment.
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Following the market - makes sense.
Posted by: Vintage Filings | July 30, 2009 at 01:04 PM