MarketWatch Premium: Stock market sentiment is bad, but not bad enough to trigger a major ‘buy’ signal

The final low of the stock market’s recent correction most likely still lies ahead of us.

That’s because we have yet to experience the stubbornly held pessimism that is a hallmark of a major bottom. Though this or that sentiment indicator has on occasion reached levels indicating extreme pessimism, it’s been rare for several of them to do so at the same time and for more than a day or two.

The…