Not exact matches
One can look at the Investors Intelligence bullish sentiment figure, which has eased back to 43 % from over 50 % in
early April, but ignore that
bearish sentiment is down to 20.4 %, less than half of the bullish sentiment figure, and the lowest level since just before the 2011
market rout.
The primary mistake that those who were
bearish on profit margins made in
earlier phases of the current
market cycle — and I would have to include myself in that group, at least for a time — was not the mistake of having «wrong» beliefs about the subject, but rather the mistake of assigning too much confidence to those beliefs.
Remember: the stock
market is always very volatile in the final 1 - 2 years of a bull
market because some traders and investors jump on the long term
bearish bandwagon too
early.
Of course, the
bearish market of
early 2018 has made the scalability problem less severe in recent times.