In the recent release of the American Association of Individual Investors' sentiment survey, investor bullishness moved higher as of February 6, 2008. The level of bullishness moved up to 34.11% versus last week's 30.08%. Additionally, the bull/bear spread narrowed to -13% versus -39% five weeks ago. On the other hand, the 8-period moving average of the bullish sentiment level has been on an eight week decline. The recent 8-period average of 28.1% compares to 36.5% for the week of December 20, 2007.
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Data Source: American Association of Individual Investors