The American Association of Individual Investors reported
investor bullish sentiment fell over eight percentage points this week. The
AAII Investor Sentiment Survey measures the percentage of individual investors
who are bullish, bearish, and neutral on the stock market for the next six
months. The bullish sentiment reading of 22.19% was the lowest level since
August 26, 2010 when the bullish reading was reported at 20.74%. In August of
2010 the S&P 500 Index was trading at 1,055.33. In the subsequent 12-months,
the S&P rose 9.8% to 1,159.27. This one behavioral measures tends to be a
contrarian indicator….
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