As 2012 starts, who’s more scared?

Over the last few months, I’ve asked you guys several times to answer the following question — and every single time, the results of the poll have indicated the next moves of the market:
Who’s more scared right now, bulls or bears?

For more than a decade, I’ve asked this question of readers and it’s been probably my most reliable market indicator.

When the poll results are overwhelmingly that the bulls are more scared the bears, the markets are usually about to take off on a big rally. And when the poll says the bears are much more scared, the markets are usually about to tank. And yes, when the results are 50/50, the markets typically muddle along for a few weeks.

So let’s ask the question once again — as we start the new year, who’s more scared, the bulls or the bears?

And don’t forget to join me for a live Q&A chat at 2pm EST at today.