Thursday, January 22, 2009

Low Bullish Sentiment Equals High Cash Allocation

Investor bullish sentiment ticked slightly lower to 27.21% versus last week's 27.63%. Investors seem to be acting on their low level of market confidence by maintaining high levels of cash from an asset allocation perspective. The nearly 42% cash level is the highest level reported by the American Association of Individual Investors going back to November 1987.

(click to enlarge)

investor bullish sentiment January 22, 2009

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