I am not sure what caused the anomaly that Biffermas noted earlier, but here is the chart updated as of yesterday at SentimenTrader.com. It joins many other indicators pointing bearish to at least NOT BULLISH. You should see the Investors Intelligence data at SentimenTrader. It measures newsletter bullishness, and let me tell you folks, those trend followers are BULLISH to an extreme.
Tell me, just what was Time saying last year at this time? What were the major media saying in March? Patience my bearish friends. Hope '09 may extend a bit into Full Hubris '10, but there is not much bullish going on from sentiment and risk/reward standpoints. Nuh uh. Oh, also check out the dollar.