have we hit bottomread this from Ceocast this morning:
One area that could "cheer" investors, is that investor sentiment levels are at their lowest since 1990 and second lowest since the American Association of Individual Investors (AAII) began tracking such behavior in 1987. On February 7, the eight-week moving average bull/bear spread reached the low of -25% and has since hovered below -20%. In the seven times that has happened since 1990, one-year returns for the S&P 500 have averaged 18%, while gains for small-cap value-oriented stocks have been 33%. History has also shown that when sentiment levels reach such extremes it has marked "bottoms" in the market.