70% of Small investors turned bearish – Indication of bottom?
70% of small investors are bearish. This could mean that the temporary bottom is getting closer. While I still believe that the long bottom is much lower, maybe even below 5000 for Dow, we might be due for a bear rally based on various indicators.
Image source:http://www.ritholtz.com/blog/wp-content/uploads/2009/03/aaii-bears.png
Globe mail article on this Retail Investors say “Run”
Barron says this might indicate a bottom:
more about "70% of Small investors turned bearish", posted with vodpod
Also see:
http://latimesblogs.latimes.com/money_co/2009/03/panic-equals-op.html
