That was when the Dow Jones Industrial Average closed at 12807.51 — which, at least so far, is the Dow's closing high for the rally that began in March 2009.
Contrarian analysis can't rule out that possibility. In fact, the behavior of various sentiment indexes in recent months is disturbingly similar to what has happened on the occasion of prior bull-market tops.
At least that is what I found after analyzing four different sentiment measures. I looked at the Investors Intelligence weekly survey of newsletter sentiment, data for which extended back to 1963. Specifically, I focused on the ratio of bullish advisors in this survey to the total of those who are either bullish or bearish.
发表于 2011-6-15 10:10
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发表于 2011-6-15 12:49
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发表于 2011-6-15 10:59
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