The percentage of bulls in the last Investors Intelligence poll was 45%, which is showing more optimism as usual.

FORBES: Dismal June Start Bodes Well For Sweet S&P 500 Rebound

And the October 12 Investors Intelligence Sentiment poll showed 47.2% bulls, only 22.5% bears.

FORBES: Investor Bullishness, Low Fear Level Hint At Market Top

As a contrarian, I naturally wanted to look at these returns in the context of market sentiment, as reflected by the Investors Intelligence sentiment poll.

FORBES: Dismal June Start Bodes Well For Sweet S&P 500 Rebound