The American Association of Individual Investors shows bullish sentiment dropped to 26.7%, its lowest level in more than two years.
This level is associated with attractive rallies. (See chart. Click to enlarge).
Too many bears. This is not what happens at market tops. Time will tell, of course.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977 Author, Profiting in Bull and Bear Markets
No. 1 bond timer in the past 12 months.
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