Today on RealMoney.com, Doug Kass posted that the negativity bubble has burst, and thus a correction is at hand. He cited the Investor’s Intelligence numbers as one aspect.Here was my response:As a resident proponent of the ’negativity bubble’, I feel compelled to respond to Doug’s earlier post. I would expect Doug to say it has burst at the first signs of bearishness lifting, but he is looking at a very short time frame.The bull/bear spread in the II survey is up to +16, which may be the highest level since January, but i[...]
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[Source: The Money Blogs]
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