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Dan Walo wrote:
>
> Further to your sentiment analysis indicating a possible bull move there
> was an interesting observation in the Sept 8/97 issue of Barron's (pg 30)
> . Apparently Merrill Lynch does a survey on stratagist's
> recommmendation on the proportion of equity in a balanced fund. The
> average stratagist recommendation is about as bearish as it's ever been
> -- only about 48% allocated to equities (normal is 60%) . The interview
> article says when the measure is this bearish the market has a 20% gain
> in the next 12 months.
I wonder if one can get these numbers and track it's historical track
record. Is this sentiment indicator similar to mutual funds % cash ?
Marcelo
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