Talk about hopping on the bandwagon. In the latest weekly survey of investment advisor sentiment from Investors Intelligence, bears declined by 32% from 23.1% down to 15.7%. Going back to 1975, there have now been just 16 other periods where bearish sentiment declined by more than 30% in a single week. Earlier today, we sent out a report to Bespoke Premium clients detailing the S&P 500's average return following similar large drops in bearish sentiment. Premium members wishing to view today's report can click on the following link: Large Drops in Bearish Sentiment. If you are not yet a Bespoke Premium subscriber and wish to view today's report, click here to sign up today.
The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own.
Wednesday, April 06, 2011
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