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And it usually takes about two rate cuts to turn market sentiment around.
But investors looking to next year should note how quickly market sentiment can change.
You could say this is just a case of market sentiment shifting.
"You have to be able to capture market sentiment," he said.
"It seems to be driven by market sentiment, which is often more than the reality."
"When market sentiment changes, these stocks should pick up 20 to 30 percent."
That, says Brooks, will be the "real test of market sentiment".
That performance is a testimony to just how far stocks can fall when market sentiment changes.
"The impact on market sentiment if people thought he was really pulling out would be devastating."
For evidence of how quickly market sentiment can change, look no further than the first few days of 1996.
And others argue that over a relatively limited period of time, changes in short interest may say nothing about market sentiment at all.
And many, investors, they said, may hold out hopes of a turnaround in market sentiment.
Yesterday, however, market sentiment about the bill's prospects seemed to dim.
They find the impact of changes in market sentiment tends to be limited to the original region.
Some improved economic performances help explain the shift in market sentiment.
Which is, after all, what market sentiment ultimately means.
The data on short sales have long been used as a measure of bearish market sentiment.
Just how long it will last is unclear, but for now market sentiment favors the dollar.
The most positive factor they cite is the current highly negative market sentiment.
There were really no factors except market sentiment that pushed it higher."
But even observing magazine covers can give a feel for whether the general market sentiment is too strong in one direction or other.
So why didn't the jobs report help market sentiment?
The record price caused a revolution in market sentiment.
The market sentiment continued to deteriorate, however, and the global financial system almost collapsed.
Dealers and traders said market sentiment, however, was still bullish.