Oct 5, 2008

Motley Fool's Jim Mueller on Conference Board bearish sentiment

An August New York Times article pointed out that bearish sentiment, as measured by the Conference Board, had hit an all-time high. Fully 55% of the people questioned in July expect the stock market to decline over the next 12 months.

Why is this important today? Because each time bearish sentiment has exceeded 35% over the last 21 years, the market has confounded that sentiment by gaining ground over the following year, at an average pace of 20.5%.

~ Jim Mueller, "Buffett Says It's Time to "Be Greedy," The Motley Fool, October 1, 2008

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