I’ve shown this chart several times over the past year, but its worth repeating: The Street remains very bearish by historical standards.
Note this is not at all a short term indicator; and does operate with a bit of a lag.
Strategists Most Bearish on Equities since 1985 (August 1st, 2012)
Equity sentiment ticks up in March
Savita Subramanian, Dan Suzuki, Alex Makedon, Jill Carey
Merrill Lynch, April 1, 2013
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.