Sentiment Hit Levels Not Seen in Over a Year

By on July 15, 2010

Caroline Dye, at Bloomberg, reports:

The level of bullish sentiment about the U.S. stock market fell below the level of bearishness for the first time since April 2009, according to a survey of newsletter writers.

The proportion of bullish publications tracked by Investors Intelligence trailed bearish ones by 2.2 percentage points, declining to 32.6 percent, the lowest level since March 2009. Individuals’ optimism about equities also fell to its lowest level since March 2009, 21 percent, according to a survey last week by the American Association of Individual Investors.

SMA Comment: After seven straight up days for the Dow, these numbers have likely changed drastically from this recent report.

Source: Bloomberg

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