Market Sentiment Remains Too Optimistic to Signal a Major Bottom
- Stock traders are too bullish, which is bearish for the market
- The October market low is unlikely to be the final low of the summer correction
- Market timers did not exhibit enough pessimism at the October low for it to be a significant bottom
- Contrarian analysis shows market timer sentiment is still too optimistic
- Significant bottoms are typically accompanied by despair among market timers