Harry Dent is calling this the last and greatest buying opportunity of the decade. Jim Dines and Don Wolanchuk are also bullish. Robert Prechter is calling for a crash. What's a boy to do?
Market Hulbert posted this column on Market Watch this morning. In short, he is seeing the most bearish sentiment readings in the past six years. His research suggests that these levels of bearish sentiment are there to fade:
"There are no guarantees, however, as contrarians would (or at least should) be among the first to emphasize.
"But to be bearish now, you are in effect betting that average short-term timing newsletter will be right, something that it usually is not."
Sounds like a plan to me.