Bullish investor sentiment declined to 38.38% versus last week's level of 40.30%. The spread between bullishness and bearishness actually improved to -4% versus last week's -6%. This was due to the level of bearishness improving to 42.42% versus 46.27% last week. Recall, the investor sentiment indicator is a contrarian one.
(click on graph for larger image)
Data Source: American Association of Individual Investors
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