Compared to similar readings taken during the past year, this ratio stands just 11 percentage points shy of a pessimistic peak.
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This ratio is just one percentage point away from an annual pessimistic peak point to extreme skepticism among short-term options players.
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And this new bear-to-bull ratio indicates a more positive market outlook rather than a pessimistic one from the usually on-target contrarian point of view.
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This ratio registers in the 96th annual percentile, just four percentage points from a pessimistic peak.
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