Bad News For Bears?

Markets are experiencing a pull back and I cannot say I disagree with the direction. However, there have been several articles about how the small investor has turned negative on the stock market with bullish sentiment hovering around 25%. When has the small investor ever been right? Despite the proliferation of trading tools which allows small semi professional and self directed accounts to navigate in and out of the markets, they are always going to be fighting the last war. They got out on the bottom and got back in last August. Great trade and a great gain but now that they are taking their profits.

Tell me this does not mean new highs for the major averages.

Money Talks

Top All-Time Donors, 1989-2010

From OpenSecrets.org

LEGEND: Republican Democrat On the fence
	= Between 40% and 59% to both parties = Leans Dem/Repub (60%-69%) = Strongly Dem/Repub (70%-89%) = Solidly Dem/Repub (over 90%)

Rank	Organization	Total '89-'10	Dem %	Repub %	Tilt
1	ActBlue	$51,552,980	99%	0%
2	American Fedn of State, County & Municipal Employees	$45,037,993	94%	1%
3	AT&T Inc	$40,800,955	45%	54%
4	National Assn of Realtors	$39,494,410	47%	49%
5	National Education Assn	$36,188,345	81%	5%
6	Service Employees International Union	$35,854,539	78%	2%
7	American Assn for Justice	$33,664,771	89%	8%
8	Intl Brotherhood of Electrical Workers	$32,920,954	97%	2%
9	Laborers Union	$31,183,767	89%	7%
10	American Federation of Teachers	$31,021,128	90%	0%
11	Teamsters Union	$30,365,809	89%	6%
12	Carpenters & Joiners Union	$30,279,187	86%	9%
13	Communications Workers of America	$29,221,953	95%	0%
14	American Medical Assn	$27,285,290	39%	59%
15	United Auto Workers	$27,104,457	98%	0%
16	United Food & Commercial Workers Union	$26,596,859	93%	0%
17	National Auto Dealers Assn	$26,391,892	32%	67%
18	Machinists & Aerospace Workers Union	$26,177,624	98%	0%
19	United Parcel Service	$24,208,953	37%	62%
20	American Bankers Assn	$23,810,244	39%	59%
21	National Assn of Home Builders	$23,267,414	36%	63%
22	National Beer Wholesalers Assn	$22,918,532	33%	66%
23	Altria Group	$22,783,164	26%	73%
24	National Assn of Letter Carriers	$21,899,393	85%	10%
25	Goldman Sachs	$19,923,360	61%	38%
26	AFL-CIO	$19,284,610	92%	4%
27	Credit Union National Assn	$18,609,111	48%	50%
28	Sheet Metal Workers Union	$18,373,848	95%	1%
29	International Assn of Fire Fighters	$18,319,407	79%	17%
30	National Rifle Assn	$18,212,571	17%	81%
31	Plumbers & Pipefitters Union	$17,576,385	94%	4%
32	FedEx Corp	$17,396,597	41%	58%
33	American Dental Assn	$17,215,246	46%	52%
34	Operating Engineers Union	$17,023,932	85%	14%
35	American Hospital Assn	$16,801,277	53%	46%
36	Lockheed Martin	$16,586,664	44%	55%
37	Air Line Pilots Assn	$16,562,447	84%	15%
38	Verizon Communications	$16,523,709	39%	60%
39	Citigroup Inc	$16,489,577	46%	52%
40	Natl Assn/Insurance & Financial Advisors	$16,031,099	42%	57%
41	Microsoft Corp	$15,311,036	46%	52%
42	AFLAC Inc	$14,901,852	45%	54%
43	General Electric	$14,897,302	48%	51%
44	United Steelworkers	$14,522,151	99%	0%
45	United Transportation Union	$14,455,860	88%	10%
46	JPMorgan Chase & Co	$14,422,635	47%	52%
47	Blue Cross/Blue Shield	$14,218,115	39%	60%
48	Ironworkers Union	$14,078,448	92%	6%
49	Union Pacific Corp	$13,875,360	25%	74%
50	Bank of America	$13,699,200	45%	54%
51	Deloitte Touche Tohmatsu	$13,427,680	33%	66%
52	American Postal Workers Union	$13,327,303	96%	3%
53	American Institute of CPAs	$13,325,335	42%	57%
54	Ernst & Young	$13,202,570	44%	55%
55	National Rural Electric Cooperative Assn	$13,009,705	51%	48%
56	Time Warner	$12,993,890	67%	32%
57	Boeing Co	$12,821,405	46%	53%
58	Reynolds American	$12,813,884	24%	75%
59	Pfizer Inc	$12,766,762	30%	69%
60	PricewaterhouseCoopers	$12,621,542	37%	62%
61	Morgan Stanley	$11,898,925	44%	55%
62	National Air Traffic Controllers Assn	$11,686,338	80%	18%
63	Northrop Grumman	$11,519,450	43%	56%
64	BellSouth Corp	$11,512,059	46%	53%
65	Natl Active & Retired Fed Employees Assn	$11,266,500	77%	21%
66	General Dynamics	$11,167,303	47%	52%
67	Anheuser-Busch	$11,087,967	48%	51%
68	GlaxoSmithKline	$10,490,039	29%	70%
69	National Restaurant Assn	$10,366,295	16%	83%
70	Honeywell International	$10,262,397	47%	52%
71	Human Rights Campaign	$10,259,871	90%	9%
72	Associated Builders & Contractors	$10,181,421	1%	98%
73	Chevron	$10,100,048	24%	74%
74	Raytheon Co	$10,036,943	47%	52%
75	American Academy of Ophthalmology	$10,035,683	52%	47%
76	Exxon Mobil	$10,016,014	11%	88%
77	American Health Care Assn	$9,948,860	52%	46%
78	American Crystal Sugar	$9,828,164	62%	37%
79	Newsweb Corp	$9,817,646	96%	0%
80	American Society of Anesthesiologists	$9,759,437	43%	56%
81	Saban Capital Group	$9,721,037	99%	0%
82	Indep Insurance Agents & Brokers/America	$9,649,364	40%	59%
83	National Cmte to Preserve Social Security & Medicare	$9,636,171	81%	18%
84	American Optometric Assn	$9,441,013	59%	40%
85	Associated General Contractors	$9,330,413	14%	84%
86	KPMG LLP	$9,323,103	30%	69%
87	Koch Industries	$9,315,215	11%	88%
88	UBS AG	$9,219,354	38%	61%
89	Securities Industry & Financial Mkt Assn	$9,163,123	43%	55%
90	Wal-Mart Stores	$9,125,335	28%	71%
91	American Maritime Officers	$9,089,012	47%	51%
92	Transport Workers Union	$8,986,599	95%	4%
93	Seafarers International Union	$8,707,094	85%	14%
94	National Cmte for an Effective Congress	$8,695,668	99%	0%
95	Eli Lilly & Co	$8,646,995	30%	69%
96	Freddie Mac	$8,613,709	43%	56%
97	National Fedn of Independent Business	$8,531,860	7%	92%
98	Comcast Corp	$8,520,857	52%	47%
99	CSX Corp	$8,494,712	36%	63%
100	New York Life Insurance	$8,492,483	51%	48%
101	Painters & Allied Trades Union	$8,485,171	88%	11%
102	Southern Co	$8,392,935	34%	65%
103	MetLife Inc	$8,374,700	54%	45%
104	Massachusetts Mutual Life Insurance	$8,361,739	39%	60%
105	News Corp	$8,301,228	56%	43%
106	Walt Disney Co	$8,197,155	66%	33%
107	Credit Suisse Group	$7,989,262	42%	56%
108	UST Inc	$7,989,027	22%	77%
109	American Financial Group	$7,968,416	24%	70%
110	General Motors	$7,942,787	37%	62%
111	National Assn of Broadcasters	$7,760,014	46%	53%
112	Amalgamated Transit Union	$7,742,684	93%	6%
113	Amway/Alticor Inc	$7,718,649	0%	99%
114	Aircraft Owners & Pilots Assn	$7,711,567	45%	54%
115	Burlington Northern Santa Fe Corp	$7,666,279	32%	67%
116	American Council of Life Insurers	$7,663,662	38%	61%
117	Marine Engineers Beneficial Assn	$7,532,355	74%	24%
118	American Airlines	$7,114,721	47%	52%
119	MCI Inc	$7,043,984	48%	51%
120	Ford Motor Co	$6,885,434	36%	63%
121	American Trucking Assns	$6,781,325	31%	68%
122	Prudential Financial	$6,700,573	51%	48%
123	Archer Daniels Midland	$6,671,593	50%	49%
124	AIG	$6,630,362	53%	46%
125	MBNA Corp	$6,350,271	19%	80%
126	Bristol-Myers Squibb	$6,312,159	22%	77%
127	DLA Piper	$6,268,527	57%	41%
128	Merrill Lynch	$6,247,705	36%	63%
129	Fannie Mae	$5,949,582	51%	48%
130	Enron Corp	$5,339,240	29%	70%
131	EMILY's List	$5,245,127	95%	0%
132	BP	$5,109,920	30%	69%
133	Lehman Brothers	$4,878,103	48%	51%
134	Wachovia Corp	$4,854,572	26%	72%
135	MGM Resorts International	$4,698,221	44%	49%
136	Andersen	$4,572,691	38%	61%
137	Vivendi	$3,711,564	62%	37%
138	Skadden, Arps et al	$3,425,431	74%	24%
139	Bear Stearns	$3,374,125	54%	45%
140	Club for Growth	$1,535,099	0%	41%

Based on data released by the FEC on March 27, 2011.

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