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Thursday's release of the American Association of Individual Investors (AAII) Survey showed bears outnumbering bulls by a 41% to 34% margin. As the chart below highlights, while occurrences of bears outnumbering bulls have not been uncommon, it is not common for this to occur when the market is hitting new highs.
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The Ticker Sense Blogger Sentiment Poll is a survey of the web's most prominent investment bloggers, asking "What is your outlook on the S&P 500 for the next 30 days?" Conducted on a weekly basis, the poll is sent to participants each Thursday, and the results are released on Ticker Sense each Monday. The goal of this poll is to gain a consensus view on the market from the top investment bloggers -- a community that continues to grow as a valued source of investment insight. © Copyright 2009 Ticker Sense Blogger Sentiment PollTicker Sense was founded and developed by analysts at Birinyi Associates. Birinyi Associates continues to own and manage all content.
Guess that indicator is wearing a little thin. Or, maybe it's just stating the reality.
Sometimes you run with the bulls and sometimes you run with the bears. Sentiment surveys are a tad worthless at market tops in my experience. There's a sentiment survey I follow that is not generally available to the public and uses professionals. It's bearish as well.......Just like it was in August of 2000.
Posted by: x | April 24, 2006 at 10:12 AM
X,
Just wondering which sentiment survey you're referring to?
Justin
Posted by: Justin | April 24, 2006 at 10:42 AM
Very interesting.
The more people feel that the market is turning bearish, the market is infact turning positive.
May be by this week, we'll know if the market continues to rally or falls down.
Posted by: Siva Nara | April 24, 2006 at 09:01 PM
The market is turning positive? How so? by rallying up to resistance and maybe adding a few points on that (the DOW) but it couldn't even hold that charade up for more than a few days. This is actually a wonderful time to sell!
Posted by: Ricardo | April 25, 2006 at 05:09 PM