Thursday, November 29, 2007

Bearish Sentiment Near Early 2003 Level

In the American Association of Individual Investors sentiment survey released today, bullish sentiment moved slightly higher. On the other hand, investor bearishness increased to a level last seen in early 2003. The bearish sentiment this week was reported at 56.12%. This is the highest level since February 20, 2003 when the level of bearishness equaled 57.9%. This sentiment indicator tends to be a contrary one and the market performance since that time seems to support this.

(click on table/chart for larger image)

investor sentiment table November 29, 2007
historical investor sentiment chart as of November 29, 2007

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