BELGIAN WAFFLE:

This just in - unemployment rises as the entire government of Belgium resigns under royal pressure over the handling of Fortis. Not a bad idea - maybe we should think about that in lieu of the mess ours has got us into, including the SEC, who, when they finally do something, such as remove the uptick rule, it's wrong.
So far, the mass majority opinion of a year-end rally has not presented itself yet (maybe the Santa Claus rally after Christmas), and sentiment is skewed to Bullish on the market (which is Bearish for the market). The McClellan Oscillator is above 50 and rising; the VIX is actually dropping as the market does, a rarity. Flipping over the zero line last week were the AAII Bulls to a majority (the Inv.Intell. are still very Bearish), and the money market outflows (from recent large inflows).
Maybe with Helicopter Ben going ALL IN with zero interest rates (didn't Japan try that a couple of decades ago?), we'll have a happy new year rally as our gov't (I'm here to help you) forces people out of money market funds and CDs into riskier investments.
Let's get this year over with, and start over!!!

MktSentiment. 12/19/2008 Prev. Week.....5Yr.HI......LOW

DJIA ………. 8579……..8629………..14093............7286
Nasdaq………. 1564…….1540…………2810.............1114
S&P500…….. 888……….879………….1561………..776
CBOE Eq. put/call …… 72…………79………..…96-10/08….....46-1/03

VIX ………. 46…………54.3…….…….79..-10/08bull….10.0-7/05 bear

McClellan Osc………58……………52……………..91 -5 /04 bear...(-100)-10/08bull
McClelSum……….…-509………..-765……..…....1568-6/03.......-1514-10/08
Newsletter Surveys:
Inv.Intel -Bull:…..…26.9…………..25.3……….…63 (12/04bear)......22.2-10/08bull
Bear:………… 47.3………….46.2…..………… 54.4.10/08.......16-6/03
Baltic Dry Index ……818………….764…………………………………663
AAII-Bull/Bear ……39.7/35.6……37.5/39.8…....……..n/a n/a
Public/NYSE Spec.-…n/a (pay svc).. 9.5nl… …….……22-10/08…………9.5
Bullish%- …….…60…………..52sell……………….…88 -2/04bear.....2-10/08bull
*Insider corporate sellers. 4.8:1…..10:1…. ………..97………….2.4:1 (11/08)
Mutual Fund Inflows (7.8B)………. (3.9B)
ETF InflowsL……….16.2B……….9.7B……
Money Market Inflows: (2B)……….32B… … ………144B

www.mktsentiment.blogspot.com is a free weekly display of important contrary opinion statistics, with the disclosure that eventual fees may be paid to the author from readers clicking on the website and/or the small ad at the top of the column.

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BELGIAN WAFFLE: