The folks taking the AAII survey are still crabby. A Bull Ratio this low while the S&P held above its 50-day average led to the following returns 2 months later:
0.68%
6.52%
6.82%
4.79%
9.16%
5.89%
2.20%
0.51%
6.42%
3.81%
1.78%
4.62%
7.64%
1.33%
0.13%