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Shared the sentiment chart above last week with Members, reflecting that the percentage of indicators at bearish extremes was declining a good bit of late despite a small decline in the S&P 500. It was info like this that caused me to harvest gains in our international short positions we had.
Ironic the level of percent of indicators at bearish extremes happens to be nearing where a few market lows have taken place over the past couple of years. Will it be different this time or has too many investors become too bearish too fast again?
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