FYI: One of the most unusual aspects of the sell-off in equities earlier this month was that individual investors weren't shaken out in terms of sentiment. At the S&P 500's highs in mid-September, bullish sentiment (according to the American Association of Individual Investors) was 42.24%; not exceedingly bullish, but still above average for the current bull market. One month later, with the S&P 500 down a quick 7%, not a single bull was shaken out, and bullish sentiment actually increased slightly to 42.66%. With respects to sell-offs during this bull market, the lack of a decline in bullish sentiment was atypical, and a potential sign of complacency
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/10/30/sentiment-little-changed.html?printerFriendly=trueAAII Website:
http://www.aaii.com/sentimentsurvey
