Bearish Sentiment Spikes
Bespoke Investment Group analyzes a recent change in investor sentiment:
This week’s sentiment surveys from Investors Intelligence (II) and the American Association of Individual Investors (AAII) showed sharp increases in bearish sentiment among both advisors and individual investors. The chart below compares the S&P 500 to combined bearish sentiment in the II and AAII surveys since the start of 2009. The current level of combined bearish sentiment is the highest since the start of November […], since the market bottomed back in 2009, spikes in bearish sentiment have actually turned out to be pretty good buying opportunities.
Source: Bespoke Investment Group
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