Bloggers are Bullish on Stocks and this is not Good

Blogger Sentiment Poll may be a good short-term contrarian indicator for US stock market. At the moment most bloggers are bullish, which may be a sign of an overbought condition, so I think it is reasonable to expect some correction in coming weeks.

Chart from [July 25th Blogger Sentiment Poll](http://tickersense.typepad.com/ticker_sense/2016/07/july-25th-blogger-sentiment-po