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‘Bearish’ Stock Forecasts Lowest in Six Months, Survey Says

Feb. 15 (Bloomberg) -- The following are results from Investors Intelligence’s analysis of investment newsletters for Feb. 8 through yesterday. The New Rochelle, New York-based firm determines the proportion of writers who are bullish and bearish on U.S. stocks, as well as the percentage who anticipate a correction, or 10 percent decline, in the market.

Technical analysts, who try to predict stock moves based on price and trading patterns, track investor sentiment as a contrarian indicator. They interpret greater optimism as bearish and increased pessimism as bullish.

               This Week  Last Week  Comments
Bullish*         54.8%      52.1%    Highest since May
Bearish**        25.8%      28.7%    Lowest since August
Correction***    19.4%      19.2%    First gain in 3 weeks

     * Bullish reading fell to 22.2 percent in October 2008, the
lowest since November 1988.
     ** Bearish reading fell to 15.6 percent in December 2009,
the lowest since April 1987. Bearish reading rose to 54.4
percent in October 2008, the highest since December 1994.
     *** Correction reading rose to 39.8 percent in February
2010, the highest since September 1983.

To contact the reporter on this story: Katia Porzecanski in New York at

To contact the editor responsible for this story: Nick Baker at

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