Pessimism Reaches Extreme Levels For U.S. Equity

Bearish investment advisors outnumber Bulls by a few percentage points.

Believe it or not, that represents an extreme pessimism reading, Investor Intelligence’s John grey tells King World News:

“Normally when you start to see the number of bears exceed the number of bulls, and we have seen that by a modest margin the past three weeks, that generally signals the end of a correction or at least the area of a bottom.  That is also what we saw at the end of August, 2010, after about three and a half months of sideways trading at that time.”


NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.