Friday, January 30, 2009

Bullish Sentiment Continues To Decline

Investor bullish sentiment continues to decline as reported by the American Association of Individual Investors. The bullishness level is reported at 25.27% versus last week's 27.21%. This is the third straight week the bullishness level has declined. A question is what level will mark a bottom in the market. Sentiment alone will not result in a market turning point, but the indicator is a contrarian one.

(click to enlarge)

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