Wednesday, May 25, 2011

Bad News For Bears?

Markets are experiencing a pull back and I cannot say I disagree with the direction. However, there have been several articles about how the small investor has turned negative on the stock market with bullish sentiment hovering around 25%. When has the small investor ever been right? Despite the proliferation of trading tools which allows small semi professional and self directed accounts to navigate in and out of the markets, they are always going to be fighting the last war. They got out on the bottom and got back in last August. Great trade and a great gain but now that they are taking their profits.

Tell me this does not mean new highs for the major averages.