This is the most one sided poll I have seen to date, which has to tell you something in itself. Here’s a look at the results:
_____
With everyone leaning bearish, one can’t help but to think long here. It will be interesting to see how the week plays out.
Developing…
If you enjoy the content at iBankCoin, please follow us on Twitter
What was interesting to me is the Bespoke survey was also heavily bearish at 60/40 bears to bulls, although their timeframe is one month. Their survey sometimes gives very different results than does yours; which I attribute to the iBankCoin readers being more attuned to the market. (Pat yourself on the back for the readers getting the direction correct more than 50% of the time, at least by my count.)
What worries me now is we’ll get a short pop and then a much deeper correction that anyone anticipates.