By Arthur Daret on
5/28/2008 2:01 PM
The weekly Investors Intelligence survey of newsletter writers market outlook showed a steep decline. Bullish sentiment now stands at just 37% (35% or lower has coincided with bear market bottoms). This is a very good development because it means that there is probably to much bearish sentiment (or lack of enthusiasm) for another major decline to take place for now. Of course there are no guarantees but I think the odds are very good that we saw the market lows earlier this year.