Profit Confidential, the popular stock market and economic e-letter, predicts today that the huge amount of bearish sentiment among stock advisors will propel stock prices higher.
According to Profit Confidential, “Stock advisors have left the bullish camp in droves and have jumped onto the bearish bandwagon. The bears are aggressively outnumbering the bulls…under this kind of action…the stock market usually rallies. Investors pulled big money out of the stock market in August. A recent CNN-sponsored poll says that almost half of Americans expect a depression
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