Thursday, January 24, 2008

Bearish Sentiment Moves Higher

In today's release of the American Association of Individual Investors' sentiment survey, it is reported bearish sentiment jumped to a level not seen since 1990. The bearishness level rose to 59.02% versus last week's level of 54.44%. The bullishness level moved slightly higher to 25.14% versus last week's 24.30%. The bull/bear spread also widened to a negative -34% versus -30% last week. A graph of the bullishness level is detailed below.

(click on chart for larger image)

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