The drama surrounding the Ticker Sense Blogger Sentiment Poll continues to entertain us. As we noted last week, perma-bears have dominated the sentiment survey since its inception, fighting the ramp in the stock market through mid-June.
But the latest update to the survey shows an abrupt turnaround. The bears have shed their skin, turning into stock market bulls nearly overnight. Indeed, the survey now indicates record levels of optimism.
Perhaps the participants have tweaked their algorithms. Or turned the Fed model on its head. Maybe momentum measures have gained an upper hand?
Under The Counter has more on the Blogger sentiment poll.
Earlier posts: Blogger Sentiment Poll Signals Top
The mystery behind the blogger sentiment poll
Popular Blogger as contrarian indicator