Investor Pessimism on U.S. Stocks Advances For The First Time in a Month

(Bloomberg) -- Investors grew more pessimistic about
U.S. stocks last week for the first time in a month, according to
Investors Intelligence.

The percentage of ``bearish'' newsletter writers climbed to
20.7 percent in the week ended May 18. That was up from the
previous week's 19.6 percent, which matched the lowest level
since August 2005, the New Rochelle, the New York-based
newsletter said. It was also the first gain since the week of
April 20.


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