This week's poll ties the all-time bullish record set on 6/18/07.
Blogger Sentiment Poll Participants:
24/7 Wall Street (-) Abnormal Returns Ant & Sons (-) Alpha Trends Big Picture Bloggin' Wall Street Capital Chronicle Carl Futia (+) Confused Capitalist ContraHour Controlled Greed Crossing Wall Street Crowder Blog CXO Advisory (+) Fly on the Wall Dash of Insight (+) Day Trade Team Daily Dose of Optimism (+) Daily Options Report Deal Breaker Dr. John Rutledge Elliot Wave Lives On (N) Fallond Stock Picks (+) Fickle Trader Fresh Trader Global Economic Analysis Hedgefolios (-) Information Arbitrage In The Money Daily Blog Watch (+) Jack Stevison (+) Kirk Report Knight Trader Learning Curve (+) MaoXian ChrisPerruna.com Michael Comeau Millionaire Now (N) Naked Shorts (-) Peridot Capitalist Quant Investor Random Roger's Big Picture (-) SeekingAlpha SelfInvestors Shark Report (+) Sigma Options Stock Advisors ShadowTrader Tech Trader Daily Trade King Trader Feed Trader Tim Traders-Talk (-) Ugly Chart Wall Street Folly WindRiver Blog Wishing Wealth
Uh-oh!
There's a whole lot of Bulls here and a few elsewhere, too. Pretty much everyone and their brother knows that the Fed will be cutting, and such must be priced into the market. With this sentiment, I think we have to be open to a surprisingly negative response to the Fed's comments.
Bigger picture, however, our Traders-Talk Fully Long/Fully Short Ratio is solidly down in Buy territory, so weakness probably ought to be bought.
Mark Young
Posted by: Mark Young | September 17, 2007 at 01:52 PM
you can ask my blog too...
Usually my market calls are productive.
Posted by: INDEXTRADING@YAHOO.COM | September 17, 2007 at 08:08 PM
More Bearishness in the Polls (I've put a current chart up at traders-talk.com on the Fearless Forecaster board). Also, LowRisk is showing tons of Bears and Hulbert is showing low and falling Bullishness. I'm amazed at the pessimism in a market that's not looking too bad.
No matter what happens today, we ought to view pullbacks as buying opportunities, I think.
Posted by: Mark Young | September 18, 2007 at 09:36 AM
how is it you use Fickle Trader when he/she hasn't posted since Oct '06?
Posted by: jdt | September 22, 2007 at 11:44 AM