Investors Intelligence weekly update came out this morning....
58% Bulls; 16% Bears. The Bears number is close to an ALL-TIME LOW!!
Well, this is obviously worrisome for much larger gains in the market from this point forward until a correction to the latest move off the March lows occurs. This coupled with several other indicators that I follow has me moving to the sidelines after being in this from the mid March.
Time for a correction?
I'm in cash for awhile.
58% Bulls; 16% Bears. The Bears number is close to an ALL-TIME LOW!!
Well, this is obviously worrisome for much larger gains in the market from this point forward until a correction to the latest move off the March lows occurs. This coupled with several other indicators that I follow has me moving to the sidelines after being in this from the mid March.
Time for a correction?
I'm in cash for awhile.