Feeding negative sentiment during the last two weeks

During the last two weeks markets were feeding more negative news and have shown more commodity price hype. The late commodity price hype started during the week of 2/18, since then, markets were sending "stagflation" signal which Bernanke does not agree that we are having a stagflation.

The late commodity hype during the week was followed by more bad economic news during the last week.

The price actions during the last two weeks confirm the two week events as noted above.

Market sentiment is 98% bearish even with the very oversold condition.

I was looking for a change to negate the bearish sentiment; however, the events fed to markets during the last two weeks have not changed the sentiment, but exacerbated the bearish sentiment with commodity hype and bad economic data.

With the Friday price actions after weak price actions after reaching the SPX 1270 +/- target which noted in Dec 2007, markets sentiment is showing that we are indeed in bear market.

We have a turn date in March and the Fed meeting on Mar 18; and will look for any change in sentiment confirmed with price actions.