That's right isplicer, when it comes to picking the direction of market the contrarian opinion always seems to win. Usually before a bear or bull market run, the majority of investors, including industry professionals/insto's all have the wrong sentiment.
I thought it was interesting that Goldman sachs have turned extremely bullish( In their latest market report)- they also said that December was going to be a huge month with a XMAS rally- suggesting dividends payouts would boost the ASX.....this to me was a bearish sign also.
Remember the public are expecting a recession similar to that of 09, however it could be more like a depression similar to 1929( So they would technicly be wrong aswell).....The US are on the brink of another war that they can't afford( India and China are getting around US sanctions my trading oil with GOLD!), the US have the biggest deficit in history, the biggest debt in history, REAL unemployment figures are HUGE, the Fed can't control inflation anymore( interest rates are too low), Bernakes printing money that isn't even stimulating the economy anymore- it's just devaluing the dollar. Also remember that their is a rumored 11 trillion of unaccountable money been printed by the Fed this year alone( Bloomberg report). YET THE US MARKETS KEEP PUSHING UP!!.
If this is true, then we're really in trouble. Forget Europe, that's just the tip of the iceberg.
