The Manic Depressive Market

By on November 19, 2010

Bespoke Investment Group reports that bullish investor sentiment has plunged over the past week:

Less than 24 hours after asking whether investors were ‘all in’ on this market, today’s weekly survey of bullish sentiment from the American Association of Individual Investors (AAII) showed that investors can’t get out fast enough. After hitting a high of 57.6% last week, this week’s bullish sentiment saw its largest one-week decline since January 2009. It now sits at its lowest point since early September when the S&P 500 was struggling to get over 1,100.

Source: Bespoke Investment Group
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