BBR Down to 0.57

So far, widespread bearishness hasn't worked as a contrary bullish signal. Readings below 1.0 in the Bull-Bear Ratio (BBR) have often marked the bottoms of corrections (charts below). But during bear markets, such readings can persist. In the current bear market, contrarians have been up against the old adage: "Don't fight the Fed."

The BBR sank further below 1.00 this week, dropping for the fourth consecutive week to 0.57 (the lowest since March 2009):