by Bespoke Investment Group
After hitting its lowest level in over a year two weeks ago, bearish sentiment from Investors Intelligence rose for the second week in a row. At a level of 19.2%, however, current levels remain low by historical standards. Given the weakness equities had been seeing in the past few days, the increased cautious tone out of advisors was understandable, but after today's rally more than a handful are no doubt moaning, "Doh!"
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