May 21st Blogger Sentiment Poll

FROM TICKER SENSE:
This week's poll continues to be on the bearish side, although some aren't sure.
I voted bearish again, but my stock account is 100% invested in an array of
Portable Alpha Daily's Long-Term Market Model – Bearish since May 15th. Asset Allocation – AAS Model Portfolios have 50% cash allocations and 50% longs, finding Alpha in Energy, Utilities and Materials.
With the markets rising, IPOs are picking up. According to IPO Scoop.com, there are nine IPOs coming this week alone, including B&G Foods, Clean Energy Fuels, EndoCeutics, Helicos and TransTech Services -- all companies I haven't heard of -- which means nothing. According to IPO Scoop, of the last 100 IPOs, 64 went up and 36 went down. You would have made money by buying the 100.
Long time bear, Richard Russell, recently turned bullish. Should this be seen as a contrarian indicator that the market has topped? Not now. Not yet. Why?

1. There is a lot of liquidity sloshing around.
2. There is clear evidence that the retail investor has not participated yet, and when they finally can't take it anymore (sitting in cash) and get off the sidelines, look for a big move up (blow-off) before institutional distribution turns ugly.
3. Inflows into Rydex Dynamic OTC fund have slowed down.
4. For now, REITs are toast and should be avoided in favor of large-caps.

tech, medical, biotech, mining, and energy. I am also hedged (short 15%) QQQQ, SPY & RSP and long SDS. I recently sold HAL and some GCS and added DNDN.

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