Meanwhile, their second sentiment model, which serves as a sort of check on the first, continues its rapid deterioration.
Thing is, there's nothing we hate more than bullish sentiment that goes straight up. Also, stocks are holding up remarkably well despite the recent sentiment nosedive. Thus we see negative sentiment as a good thing -- if it recovers, stocks could rebound nicely.
(Via Citi, PULSE Monitor, Tobias Levkovich, 26 Feb 2010)
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