"These sentiment surveys are notoriously difficult to utilize in any investment strategy, but there are times when they reach extremes when I think their data is more telling than at most other times. In the case of the recent AAII readings, pessimism is at a 6 month low. Here’s more from Charles Rotblut:
Pessimism among individual investors is now at a six-month low, according to the latest AAII Sentiment Survey. Neutral sentiment remains at an unusually high level, while optimism is slightly below its historical average.
Bullish sentiment, expectations that stock prices will rise over the next six months, rose 2.0 percentage points to 37.2%. The rebound is not big enough to keep optimism from being below its historical average of 39.0% for the 13th time in the past 15 weeks, however."
'via Blog this'
No comments:
Post a Comment