Saturday, December 08, 2007

Investor Sentiment

The AAII released its member poll:

AAII Index
Bullish 40.7%
Bearish 39.8
Neutral 19.5

The big jump in bullish sentiment reflects the market action of the last two weeks. If sentiment continues to rise (and I suspect it will into the end of the year), we will start looking for a market correction. There are still too many bears to be overly concerned.

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