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AAII Investor Sentiment: Bullish Sentiment Back Below 50%

FYI: In yet another example of how investors just can't stand to be bullish for any extended period of time, today's reading of bullish sentiment by the American Association of Individual Investors (AAII) dropped by 8.8 percentage points from 57.93% down to 49.12%. This week's decline in bullish sentiment was the largest since June 19th and the third largest weekly drop this year. Keep in mind, however, that last week's level was the highest in more than four years and the second highest weekly reading of the entire bull market.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/11/20/bullish-sentiment-back-below-50.html?printerFriendly=true

AAII Website: http://www.aaii.com/sentimentsurvey
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