Interesting Data Point

Courtesy of Bloomberg:

The S&P 500 dropped almost 10 percent in the first quarter, the worst start to a year since 2001, as increasing unemployment, record mortgage delinquencies and a retreat in consumer confidence signaled that the economy is falling into a recession.

Even with the decline, analysts' recommendations to ``buy'' or ``hold'' U.S. shares climbed to 94.5 percent, the highest rate in more than five years.

If that isn't a contrary indicator I certainly don't know what one is.....