Friday, March 07, 2008

Significant Decline in Investor Bullish Sentiment

This week the American Association of Individual Investors reported a sharp decline in investor's bullish sentiment. The bullishness level fell to 21.98% versus last week's 34.31%. The bull/bear spread widened to -30% versus last week's -11%. The sentiment indicator is a contrarian one as individual investors tend to be the least bullish at market bottoms.

(click on graph for larger image)

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