Thursday, February 04, 2010

Decline In Bullish Investor Sentiment Continues

Today's release of the American Association of Individual Investor's sentiment survey shows individual investors continue to become less bullish on the market. The current bullishness level takes the bullish sentiment level near one standard deviation below the bullishness average. The bull/bear spread is reported at -14% versus last week's spread of -2%. As this is a contrarian indicator, this is one indicator that suggests the market could be in store for a bounce?

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