Tuesday, April 8, 2008

Sentiment Update

Despite last week’s outsized rally in the markets, and the notion that the market looks to have put in a fairly solid bottom, investor sentiment remains highly skeptical.Here are a few examples:The Investor’s Intelligence survey showed more bulls than bears for the 4th consecutive week; a rare occurrenceThe AAII survey also showed more bears than bulls, for the 15th out of the last 16 weeksThe 10-day CBOE put/call ratio is still above the 1.0 levelShort interest
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[Source: The Money Blogs]

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