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Mark Hulbert

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Stock traders are too bullish. That’s bearish for the market

Market timers are eagerly riding this latest rally

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The U.S. stock market’s late-October low is unlikely to be the final low of the correction that began this summer.

That’s the conclusion reached by a contrarian analysis of market timer sentiment. At no point during the July-through-October decline did the market timing community exhibit the despair and pessimism that typically accompanies a significant bottom.