February 1st Ticker Sense Blogger Sentiment poll shows 43.75% Bearish, 37.5% Neutral and just 18.75% Bullish. Follow the link for a chart and history.

The American Association of Individual Investors poll has also now flipped to show more bears than bulls.

Bullish 35%

Bearish 36.7%

Neutral 28.3%

It didn’t take much of a selloff to flip sentiment to bearish. Investors are nervous and itching to sell. That’s good news for contrarians with the guts to buy the dips.