Friday, August 14, 2009
Chart of the Day: Investors still Bearish
Even after the huge surge in the markets, the investors at Bespoke.com still are in the bearish camp. This is an unscientific poll and its hard to tell who the people are voting, but they have to be somewhat involved in the market to follow a site like this.
This continues to support our bullish theme that investors still don't buy the recovery. Too many people look at how far the market has come and not hot far the market fell. We're still 20% below the Oct highs before Lehman Brothers collapsed.