July 14th Blogger Sentiment Poll
Bloggers stay bearish for July.
Blogger Sentiment Poll Participants:
24/7 Wall St. (-) Carl Futia (+) Crossing Wall St Daily Dose of Optimism (+) Dash of Insight (-) Elliot Wave Lives On (-) Fallond Stock Picks (-) In the Money Jack Stevison (+) Knight Trader (-) Learning Curve (+) MaoXian Millionaire Now (N) Peridot Capitalist (+) Quant Investor (+) Random Roger's Big Picture (-) Self Investors (N) Shark Report (N) Wall Street Folly Wishing Wealth (-) Word on the Street (N)
We voted Bearish this week (I don't know why the vote didn't show up), but I was thinking that I'd be short-term right and wrong by the end of the week.
That's still quite possible, but things are looking a bit bleak. I'm actually surprised there weren't more Bears in this poll.
I'm thinking we stay Bearish until we get a turn with breadth. The bright spot is the relatively high VIX, which may (stress may) create a floor for the market this week as the options guys exploit some excess premium.
Posted by: Mark Young | July 15, 2008 at 08:01 AM