This week the volatile sentiment survey from the American Association of Individual Investors shows investor's bullishness continues to move higher. As a contrarian indicator, does this suggest the market needs a little bit of a breather?
(click on charts for larger image)
2 comments :
David,
Can you post a graph of the bullish sentiment vs. sp500 for a longer period of time? Perhaps, spanning a bear market or two?
Nick,
I will pull together a chart that goes back to late 1980's and post it on the site.
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