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Sentiment slides out of "stretched"

This GS sentiment indicator did slide out of stretched in the last reading. Hard to understand why and how, but the facts do not care about our bearish feelings....The GS "Sentiment Indicator" measures stock positioning across retail, institutional, and foreign investors versus the past 12 months. Readings below -1.0 or above +1.0 indicate extreme positions that are significant in predicting future returns.