Thursday, November 08, 2007

Bullish Sentiment Declines This Week

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.

(click on chart for larger image)

No comments :