"We Do Not View Optimism as a Positive"

The current uplift in spirit among investors has contrarian Joe Sunderman of Schaeffer's Investment Research worried

The stock market's spring rally may be too good to be true, in the view of Joe Sunderman, research and development manager of Schaeffer's Investment Research, which publishes several investment newsletters. Sunderman declares himself a bear. He's a contrarian, and the widespread optimism that turns up in his readings of market sentiment makes him very cautious about the coming months.

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