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Bulls Go All In This Week

The market hit its lowest level in months last week, but the positive Fiscal Cliff news on Friday definitely did something to investor sentiment.  How else can you explain the huge spike in bullish sentiment that we saw in our weekend poll asking Bespoke readers whether they thought the S&P 500 would be higher or lower one month from now?  As shown below, 66% of the 514 participants said the market would be higher, while just 34% said it would be lower.  This is by far the highest bullish reading we've seen since we began conducting this weekly poll back in February.

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