investsmart aegis report, page-2

I think there's an element of conservatism in all these reports esp. since the market took a dive from almost 2 years back.
Personally, I had a particular broker, in 2008 who bought "cheap" all the way down to many a leveraged client's ruin.
The opposite is happening now as these guys, having gone through the "worst" financial crisis in history is having a hard time reconciling the pace of the market's recovery.