Friday, August 07, 2009

Bullish Investor Sentiment Increases But Bull/Bear Spread Narrows

In this week's sentiment survey released by the American Association of Individual Investors, investor bullish sentiment increased to 50% versus the prior week's bullishness reading of 47.67%. In spite of the increased bullishness, the bull/bear spread narrowed by one percentage point to a positive 15% as a larger number of neutral investors indicated they were bearish. In the last market high in October 2007, the bullish sentiment reading reach the mid 50's level.

(click to enlarge)

investor sentiment chart August 6, 2009

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