Thursday, May 26, 2011

Market Only Down a Few % from Highs, but Market Sentiment Horrible

Usually market sentiment is a great contrary indicator at extremes.  For some reason, despite a market that has barely sold off (down less than 3% from the peak) the American Association of Individual Investors sentiment indicator is at lows not seen since August 2010.  You know what happened at that point.  Not sure why such a negative view - perhaps the news from Europe is weighing more on sentiment than U.S. stock performance.

Via Bespoke Investment

Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.

Copyright @2012