Thursday, June 09, 2011

Bullish Investor Sentiment In Continued Downtrend

This morning the American Association of Individual Investors reported a decline in individual investor bullish sentiment 24.42% versus last week's reading of 30.18%. The bearish sentiment level jumped over 14% to 47.67% versus last week's bearishness level of 33.43%. This resulted in a bull/bear spread of -23.3% versus last week's -3.3%. Lastly, the 8-period moving average of the bullish sentiment reading is approaching levels reached in March 2009, a market turning point.

From The Blog of HORAN Capital Advisors

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