Bull/Bear Ratio Lowest Since March 2009!

Bears started coming out of hibernation early this year. Now they are roaming all over the stock market. Here are the latest bearish sentiment readings, which are bullish from a contrarian perspective:

(1) The Bull/Bear Ratio (BBR) was below 1.00 for the eighth consecutive week this week. It slipped for the third week to 0.60 this week—the lowest reading since early March 2009, which was when the last bear market bottomed during the Great Financial Crisis! The BBR has been bouncing around 1.00 since late February.