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I shared the sentiment chart below last week with Members, reflecting that the percentage of indicators at bearish extremes was declining a good bit of late despite a small decline in the S&P 500. It was info like this that caused me to harvest gains in the international short positions we had.It's a bit ironic: The level of percent of indicators at bearish extremes happens to be nearing where a few market lows have taken place over the past couple of years. Will it be different this time? Or have too many investors become too bearish too fast again?
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