The chart below shows the that the 43.9% reading is high, but by no means an extreme level. From a contrarian viewpoint I believe there is still more upside for stocks before the masses begin to buy into the market again.
Market expert and TV personality Matt McCall blogs about what is really moving the markets. He will emphasize Exchange-Traded Funds (ETFs) and individual stocks throughout the trading day.
Thursday, January 17, 2013
Investor Sentiment Remains Bullish but Drops
The latest reading from the American Association of Individual Investors (AAII) has the bulls at 43.9%, this is down 2.5% from the last report. Most of the bulls moved to neutral territory where there is 28.7% and the remaining 27.3% are bearish.
The chart below shows the that the 43.9% reading is high, but by no means an extreme level. From a contrarian viewpoint I believe there is still more upside for stocks before the masses begin to buy into the market again.
The chart below shows the that the 43.9% reading is high, but by no means an extreme level. From a contrarian viewpoint I believe there is still more upside for stocks before the masses begin to buy into the market again.
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