Thursday, August 07, 2008

Bullish Investor Sentiment Trend Continues Lower

The trend in bullish investor sentiment, as reported by the American Association of Individual Investors, continues lower as noted in the chart below. The bullish sentiment level declined to 35.61% versus last week's level of 40.00%. The 8-period moving average of the bullishness level remains just above 30%. The bull/bear spread came in at -7% this week versus -1% last week.

(click on chart for larger image)

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