Bernie Schaeffer’s – Schaeffer’s Investment Research – “Despondent Survey” is at an interesting level:
From talking to clients and reading comments on Seeking Alpha, most are still bearish on “expected forward returns” for the SP 500, and to me that’s a plus.
Here is the entire Schaeffer’s link to the full article for interested readers.
This could be wrong and take all forecasts with substantial skepticism and a grain of salt, but the sentiment data like the chart and historical forward returns listed above, lead me to conclude the secular bull market remains intact.
Thanks for reading.