Pessimism on U.S. Stocks Declines to Lowest Since July 2004, Survey Says

(Bloomberg) -- Pessimism on U.S. stocks slipped to
the lowest since July 2004 last week, according to a survey by
Investors Intelligence, as the Standard & Poor's 500 Index rose
to within 7 points of a record.

The percentage of bearish writers declined to 18.9 percent
from 21.1 percent a week earlier, the New Rochelle, New York-
based newsletter reported. At the same time, the S&P 500
approached its June 4 all-time high of 1539.18.


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