Attempting to predict the stock market can be hazardous at best and usually unsuccessful. However, there is an old, and frequently accurate, adage that suggests that the market tends to fool most of the people, most of the time.
In that regard, data recently published by LPL Research, suggests that there are fewer bulls today than in March 2003 and March 2009. According to LPL, current bullish sentiment, among individual investors, is at its lowest level in 23 years. Add to that, record high short interests, and you have an unusually high level of bearish sentiment.
All comments and suggestions are welcome.
Walter J. Kirchberger, CFA®