Eric has done an excellent run-down of the various sentiment charts and his Davis Sentiment Indicator (TM) is pegged at 9.7 this morning (>5.0 indicates that bulls outnumber bears; >9.0 = Yikes!)
Also, the Rydex leveraged funds are telling us that the bears have gone into hibernation.
Good sentiment stuff on this snowy Monday to start off a likely low volume holiday week.
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1 hour ago
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I always like to pay close attention to sentiment indicaters because whenever every market guru is in agreement thats a good sign a turn is coming most of the time the so called experts are dead wrong.
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