Patrick Martin
1 min read
Every week, Investors Intelligence (II) puts out a poll gauging the amount of newsletter optimism and pessimism surrounding the stock market. Here are the results for the week ending Friday, June 13, and some corresponding takeaways from Senior Quantitative Analyst Rocky White.
Per the top table, there was a slight increase in optimism last week. We typically consider readings below 0% or above 40% to be extreme pessimism or optimism, respectively. The bottom table above compares the current data to typical data since 2005. The bulls are below their long-term average and the bears are near their long-term average. The bulls minus bears line is below its long-term average.