Most Bloggers are Bullish on Stocks, which is not Good
Blogger Sentiment Poll is a good contrarian indicator for US stock market. Now most bloggers are bullish, which is not a good sign, I wouldn't expect any serious S&P500 upside.
Chart from July 25th Blogger Sentiment Poll
@Mehanizator - I cannot disagree with the chart posted. However, I can disagree with overall sentiment. The analysts and talking heads still haven't hit the get long this market is going higher euphoria so I continue to sit the sidelines waiting to get short. Been eyeing this since Jan. Push through highs and then short. We got the new highs but sentiment on a whole is still blah. Atleast the bloggers are hyped....hopefully everyone follows soon so I can get short in October and hope for a market dump during election months!
This sentiment is a short-term indicator, it can easily revert after 5% correction or so.