posted Jul 28, 2005 at 11:57PM
I haven't really looked at sentiment charts for a good long while and was just running through a few. The above ratio has given the bears fits as it keeps going up.
In terms of sentiment I find that extremes of fear are much better in their predicitive quality. "Real" fear can't be faked....while a very nervous market may still be putting in bullish "persona"
Still this strikes me as hardly the time to be 100% invested in general equities.