Are Bears Just Taking a Break?

May 31, 2023

by Avi Gilburt GoldSeek

As one who tracks market sentiment, it still amazes me to watch it develop in real time. And, we see it quite well in the analyst community as well.

Let me give you an example. For many months, many analysts have been terribly bearish, expecting the next shoe to drop in the market almost any day. They have been looking for a crash just around the corner as the market has rallied 20% from 3500 to 4200+. Week after week, the dire warnings have been published by many highly-followed writers. In fact, since we caught the low in October of 2022, I have felt quite lonely in my view that we will likely rally to the 4300SPX region off that October low.