Best Small Cos. As stocks fell in February, March and early April, sentiment did deteriorate, as you might have expected, but not nearly enough.
Sentiment is still more bullish than it was last summer.
To erode that and to really hit the bottom, quite a bit more mayhem must ensue. En route there will also be some short, sharp upward moves. These are just corrections to this bear market and temporary. Don't let them fool you. It remains a time to be maximally defensive.