Ghost of Igloi wrote:
Bearish sentiment has averaged 30.6% over the life of the survey. It has a standard deviation of 10.1%, with typical readings ranging between 20.5% and 40.7%. Bearish sentiment is not considered to be extraordinary high until it surpasses 50.8%. It is not considered to be extraordinarily low until it falls below 10.5%. The record high for bearish sentiment is 70.3%, set on March 5, 2009. The record low is 6.0%, set on August 21, 1987.
good point - the "neutral" group is abnormally large right now - who knows what that means