Today we got a somewhat strange reading from the AAII Investor Sentiment Survey. Despite a generally bullish market environment, bullish sentiment fell to 44.97% from 50.89% and bearish sentiment rose to 25.40% from 24.26%. The percentage of investors who described themselves as neutral on the stock market rose to 29.63% from 24.85%. I say the data is odd because when the market rises usually AAII bullish sentiment goes up as well, but we have not seen this happen. From a contrarian point of view you would have liked to seen bullish sentiment rise again to 55% in order to signal a top in the market. Looks like we may be nearing a top soon.
I will have the charts up in a few hours.
UPDATE: Here are the charts
This is a six month chart of the AAII Sentiment Survey
Here is a 1 year chart which shows AAII bullish sentiment with the SP 500
Black Swan Insights
Related Articles:
AAII Investor Sentiment Up Again
AAII Sentiment Survey Surges For Second Week
AAII Investor Sentiment Declines
Are their no positive signs.
ReplyDeleteWhat other contractor can say they were involved in the design process of an all-electric service vehicle? Not many! Robichaud is a great example of a contractor on the cutting-edge of technology. He serves as an example to others to take a risk and test new technologies. google
ReplyDelete