I might be beating a dead horse here, but I keep hearing that there are just too many bears out there for this market to fall. While it’s a good investment thesis, the reality is quite different.
According to the Lindsey Group’s Peter Boockvar, bullish sentiment is at levels even higher than they were in December 2013, October 2007 and August 1987, and we all know how that ended. Using data from a survey conducted by Investors Intelligence, Boockvar says the number of bulls exceeds the number of bears by a near record margin. “Bulls are now just .3 [points] from a record high in December ’04 and compares with 61.6 in December ’13, 62.0 in October ’07 and 60.8 in August ’87,” Boockvar wrote in a morning note.
And there you have it. Every single time we have been here before, a huge sell off followed. While these sentiment readings are great at ascertaining where we are in the overall composition of the stock market, they are very poor at predicting timing.
Luckily for you, timing is my specialty. My mathematical and timing work is very clear in this. It shows a severe bear market between 2014-2017. When it starts it will very quickly retrace most of the gains accrued over the last few years. If you would be interested in learning exactly when the bear market will start (to the day) and its subsequent internal composition, please CLICK HERE
