FYI: One would think that with all the volatility and weakness we have recently seen in equities, that individual investors would be getting a bit more fearful. Over the last two weeks, however, the opposite has been the case. After rising back above its bull market average last week, bullish sentiment as measured by the American Association of Individual Investors (AAII) saw another slight increase this week, rising from 39.88% up to 42.66%, which is the highest weekly reading in six weeks. Whenever you see the type of market action that we have seen over the last several days, the last thing you want to see is that individual investors are getting more bullish.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/10/16/bullish-sentiment-increases.html?printerFriendly=true
