What a difference a week makes. The bullish sentiment reading from the American Association of Individual Investors Sentiment Survey saw a decline to 36.19% versus last week's reading of 44.71%. Additionally, the bearish reading jump to 51.43% versus the prior week reading of 36.47%. This is the highest reported level for the bearish reading since May 2007. Keep in mind this sentiment indicator is viewed from a contrarian perspective.
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Data Source: American Association of Individual Investors