Stocks quoted in this article:
The weekly figures from the Investors Intelligence (II) sentiment survey are out. Here are the highlights:
- Bullish sentiment among advisers rose to 43.0% (1.1% increase).
- Bearish sentiment among advisers fell to 20.4% (3.3% decrease).
- 36.6% of advisers foresee a correction in the market.
So there were more bulls this week, and fewer bears. The bulls-minus-bears line is right around 20%, which leaves room to the upside before optimism is at what we consider an "extreme."
The table below compares the current data to typical data since 2005. We have moderately fewer bulls and also fewer bears than usual. However, the difference between the bulls and bears is slightly above average.