The American Association of Investors Sentiment Survey shows a decline in bullish sentiment to 36.63% versus 53.85% in the prior week. This level of bullishness is the lowest level the indicator has returned since 8/17/2006 when bullishness equaled 30.53%. This contrarian indicator tends to be somewhat volatile. The level of bullishness hit a 2006 low of 23.85% prior to the market rally that began mid-year 2006.
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