The Advisors' Sentiment Report is a survey that has been widely adopted by the investment community as a contrarian indicator and has been followed closely by the financial media. Each week the service Investors Intelligence surveys some 140 financial newsletter writers to determine whether they are leaning bullish or bearish in their opinions to subscribers and compiles the data to arrive at a weekly percentage of bulls vs. bears. Extremes in either direction are signals of reversal of the market's current trend. The last time the percentage of Bears was this high and the percentage of bulls this low was the bottom in 2002. Since its inception in 1963, this report has had a consistently good record for predicting the major market turning points.

