Thursday, August 28, 2008

Bullish Investor Sentiment Continues To Decline

The American Association of Individual Investors reported a decline in individual bullish investor sentiment. The level of bullishness feel to 30.68% versus last week's reading of 38.10%. The 8-period moving average actually ticked higher by one point to 34%. Most of the bullishness decline moved into the bearish camp with a reading of 45.45% versus last week's bearish level of 37.30%. This move resulted in the bull/bear spread coming in at -15% versus the prior week spread of +1%.

(click on chart for larger image)

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