Sunday, January 10, 2010

Investor Sentiment Near Long Term Average

The American Association of Individual Investors reported bullish investor sentiment fell eight percentage points last week. The bullish sentiment reading came in at 41% versus the prior week's 49.18%. Last week's reading is near the long term average of 39%. Additionally, the bull/bear spread narrowed to 15% versus the prior week spread of 26%. In spite of the bullish sentiment decline, the 8-period moving average increased for the 5th straight week to 42.3%.

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