Bearish Persistence on the AAII Survey
- Posted by ppearlman
- on March 9th, 2013
Despite the all time high this week on the Dow Jones Industrial Average, bearish sentiment actually rose 1.9% on the AAII Sentiment Survey to 38.5%, a full 8% above the long term average.
Bearish individual investors seem impervious to the new highs or the most recent 14.6% rally from $SPX 1353 on 11/15.
Extraordinary persistence.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Phil is the executive editor of StockTwits and an investor in the company. He is a partner at Social Leverage, LLC and makes early stage investments in web based companies. (More)
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