Bearish Persistence on the AAII Survey

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.

aaii

Bearish individual investors seem impervious to the new highs or the most recent 14.6% rally from $SPX 1353 on 11/15.

Extraordinary persistence.

One response to “Bearish Persistence on the AAII Survey”

Leave a Reply

Your email address will not be published. Required fields are marked *