The percentage of investors feeling bearish about the stock market is reaching levels last seen during the Great Recession, according to a weekly survey from the American Association of Individual Investors. That negative sentiment could mean that an opportunity is around the corner. Just over three-fifths, or 60.87%, of the approximately 300 investors surveyed reported feeling "bearish," or that prices will go down, about the market in the seven-day period ending Sept. 22.
" To be sure, market observers say investors should remember that this is only one piece of data. Willie Delwiche, an investment strategist at All Star Charts, said this moment is particularly unique because he has not seen correlation between sentiment and action — a connection he said has dissipated since the pandemic began. "People are saying one thing and doing something else because of the circumstances in this environment," Delwiche said.
It means lower prices, better for bargain hunters
You can't judge the market by current Wall Street occupants made up of.. Crystal Ball readers, gamblers, soothsayers, hand ringers, whiners, and your everyday Garden variety jackass's... Once you can no longer trust the PE Ratio or market cap you know the game is up
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