Monday, December 21, 2009

A sentimental warning for equity bulls

This is just a quick note, as blogging will be light until the New Year:

The latest reading from AAII shows the bull-bear ratio at a bullish extreme, which is contrarian bearish for the market.

Add to that came the news that Rydex timers really bullish. These readings serve as a warning for equity bulls that the upside for the market may be limited.

1 comment:

keithpiccirillo said...

Not if 1120 HAL9000 kicks in.