Thursday, September 20, 2007

Market Sentiment: Bears Less Bearish

In yesterday's investor sentiment release by the American Association of Individual Investors, the level of bullishness ticked fractionally lower to 39.24% versus last week's 40.00%. The level of bearishness, however, declined to 31.65% versus last week's 35.29%. The prior week's bears moved more towards a neutral stance. The net result is the bull minus bear spread moved higher to +8 versus last week's +5.

(click on chart for larger image)

investor sentiment bull bear spread September 20, 2007

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