MarketWatch Premium: Rarely have market timers been as bullish as they are now, which is a warning sign for stocks

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Market timers in the stock market are more bullish today than at almost any other time this century.

That bodes ill for the stock market over the next few weeks.

Consider the average recommended stock market exposure level among a subset of several dozen stock market timers that my firm monitors daily. (This average is what’s reported as the…