Recent Sentiment

Discussion on Sentiment, by Babak at Trader’s Narrative:

Sentiment Overview: Week of March 21st, 2008

Excerpts:

[I mentioned] “the surprising bearishness of newsletter writers as measured by Chartcraft. This week they have outdone themselves with an eye popping 44.7% bearish level.To find this sentiment equally or more pessimistic, we’d have to go all the way back… are you ready? to 1998.

Which, if you are old enough to remember (or agile enough to look up) was a time of unprecedented market turmoil brought on by a gaggle of PhD’s from Chicago running a little hedge fund called Long Term Capital Management.”

“According to Mark Hulbert, the stock market newsletters with the best long term track record are much more bullish compared to those with a track record worse than buy and hold.”

For more, go here.